Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2011
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.
Authority cited: Section 22971.2, Business and Professions Code.
Reference: Sections 22973.1, 22977.2 and 22979, Business and Professions Code.
The Special Taxes and Fees 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.
Amended August 23, 2011, effective October 10, 2011. Change without regulatory effect replacing the reference to the "Excise Taxes Division" with a reference to the "Special Taxes and Fees Division."