Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2010
Cigarette and Tobacco Products Licensing Act Regulations
Title 18 of the California Code of Regulations
Article 2. Licenses—Issuance, Transfer and Denial
Regulation 4504. Determination of Arm's Length Transaction.
Reference: Sections 22973.1, 22977.2 and 22979, Business and Professions Code.
The Excise Taxes Division shall determine whether the transfer of a business was pursuant to an arm's length transaction, utilizing the criteria set forth in Regulations 4505 and 4506.
History: Adopted December 12, 2006, effective April 21, 2007.