Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2015
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
395.1940 "New" Partnership Agreement. The execution of a "new" partnership agreement which merely modifies or reorders the relationship between the partners does not change an individual's transfer of his business assets to a preexisting partnership in which he is a partner from a taxable sale to an existing partnership into a nontaxable contribution to a commencing partnership. 8/6/69.