Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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

Annotation 395.2520

(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.