REGULATIONS - PRIVILEGE AND EXCISE TAXES

Reg. ___-200.1. When deposits are includable in gross income.

(a) Refundable deposits shall be includable as gross income of the taxpayer for the month in which the deposits are forfeited by the lessee.

(b) Nonrefundable deposits for cleaning, keys, pet fees, maintenance, or for any other purpose are deemed gross income upon receipt.

++(Local Option #S:

(b) (Reserved))++