Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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395.0000 OCCASIONAL SALES—SALE OF A BUSINESS—BUSINESS REORGANIZATION—Regulation 1595

Annotation 395.0013

(a) IN GENERAL

395.0013 Discontinuance of Business—Sales After. A sale upon the exercise of an option after one year from the date of close out of the seller's business is an occasional sale unless this sale is one of three or more sales for substantial amounts in a twelve month period as set forth under Regulation 1595(a)(1). 9/18/69.