Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2013
Sales and Use Tax Annotations
395.0000 OCCASIONAL SALES—SALE OF A BUSINESS—BUSINESS REORGANIZATION—Regulation 1595
(h) OWNERSHIP "SUBSTANTIALLY SIMILAR"—"REAL OR ULTIMATE" OWNERSHIP
395.1560 Bondholders. "Bondholders," as used in section 6006.5 refers to holders of bonds that are an ownership interest in a corporation rather than a creditor's claim. For a security to qualify as a bond for sales tax purposes, it must be issued in serial form with interest coupons attached, be payable at a date certain, be registrable, be readily transferable, be convertible to stock if desired, and contain certain provisions for acceleration of payments in case of default. 12/23/59.