Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2014
Sales and Use Tax Annotations
395.0000 OCCASIONAL SALES—SALE OF A BUSINESS—BUSINESS REORGANIZATION—Regulation 1595
(g) "SUBSTANTIALLY ALL THE PROPERTY"—TRANSFER OF
395.1480 Permit Requirement—Meaning of "Activities." The requirements of section 6006.5(b) are not met unless substantially all of the property, held or used in activities for which a permit would be required, is transferred. If a person engages in two separate and distinct selling businesses, the transfer of all the assets used in only one business is not an occasional sale. The distinction between activities contemplated by section 6006.5 relates solely to the distinction between activities for which a seller's permit would be required and those activities for which a seller's permit would not be required. 9/27/66.