15-68-210. Nontaxability -- lease for subsequent lease. The lease of property is nontaxable if:
     (1) the lease is made to a lessee who delivers a nontaxable transaction certificate; and
     (2) the lessee does not use the property in any manner other than for subsequent lease in the ordinary course of business.

     History: En. Sec. 14, Ch. 544, L. 2003.