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
(i) TRANSFERS AND CONTRIBUTIONS TO NEW CORPORATION OR PARTNERSHIP
395.1860 Commencing Corporation. Machinery and equipment transferred by taxpayer to corporation formed by taxpayer, solely as capital contribution for which taxpayer received stock, is not taxable sale. 7/31/50.