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 395.1460

(g) "SUBSTANTIALLY ALL THE PROPERTY"—TRANSFER OF

395.1460 Permit Requirement—Meaning of "Activities." The "activity" in section 6006.5(b) is the activity of selling, and is not limited to the selling activity carried on at individual locations for which permits have been issued under section 6067. The permit requirement in section 6067 is to facilitate administration and does not purport to affect the occasional sale exemption by enlarging it to apply when there is a sale of substantially all assets used in a selling activity at a particular place for which a permit was issued when the assets sold do not constitute substantially all assets used in all of the seller's activities requiring seller's permits. 3/16/59.