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 395.1480

(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.