Section R15-5-1608. Commercial property -- storage facilities

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Income from the rental of storage facilities is taxable, provided the lessee retains the right of direct access to the stored goods. Con- versely, the storage of property by a warehouse, when the ware- house proprietor maintains full control over the specific location of the stored goods within the building, is not taxable. Such storage is deemed to be a service rather than rental of real property.

                    
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