Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2014
Sales and Use Tax Annotations
320.0000 INTEREST AND PENALTIES—Regulation 1703
320.0110 Fraud Penalty on Corporation. A corporation is a person under section 6005 of the Revenue and Taxation Code. If a fraud penalty is properly applied against a corporation, the fact that the stock is purchased by a person who had no participation in the fraud provides no basis for relief from the penalty. 6/21/94.