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
(k) DISSOLUTION; LIQUIDATION; DISTRIBUTION OF ASSETS
395.2265 Dividend in Kind. Transfer of all property of a division of a corporation to a sole shareholder as a dividend is considered a sale to the sole shareholder if the sole shareholder assumes any liabilities of the corporation. The transfer of the assets to the sole stockholder is a sale because the sole stockholder gave consideration for the assets by assuming the liabilities. 4/2/93.