Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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

Annotation 395.1770

(h) OWNERSHIP "SUBSTANTIALLY SIMILAR"—"REAL OR ULTIMATE" OWNERSHIP

395.1770 Transfer of Assets to Limited Liability Company. The sale of all of the assets of a corporation to a Limited Liability Company which will be owned by the same persons who owned the corporation in the same proportional ownership is exempt pursuant to section 6006.5(b). 12/21/95.