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
(l) SALES BETWEEN PARENT AND SUBSIDIARIES
395.2520 Simultaneous Transfer to Subsidiaries. The simultaneous transfer of all of the assets of a corporation to one or more wholly-owned subsidiaries is an exempt occasional sales under section 6006.5(b) of the Sales and Use Tax Law. 12/3/56.