Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


A    B    C    D    E    F    G    H    I    J    L    M    N    O    P    R    S    T    U    V    W    X   

S

495.0000 SALE

Annotation 495.0376.500

(a) IN GENERAL—DEFINITION

495.0376.500 Property Dividend. Corporation A purchases 100% of the stock of Corporation B. After the acquisition, B declares a property dividend of unencumbered fixed assets. The transfer of the assets by a dividend without encumbrance is not a "sale" and tax does not apply. 3/22/88.