A company that leases commercial business equipment should collect and remit Missouri use tax on amounts paid by its customers on leases of equipment that were purchased from vendors outside of Missouri when the equipment is stored, used, or consumed in Missouri. The location used for determining the local use tax that should be collected and remitted is where the equipment first comes to rest in Missouri. In essence, this means where the item is first delivered in Missouri. The company should collect and remit sales tax on the amounts paid by its customers on leases of equipment that were purchased from vendors in Missouri. The location used for determining the local sales tax that should be collected and remitted is the location of the vendor who sold the equipment. The lessor should separately state each lease payment for each piece of equipment in order to collect and remit the correct state and local sales or use tax. (Letter Ruling No. LR 6989, Missouri Department of Revenue, December 16, 2011)