Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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S

495.0000 SALE

Annotation 495.0720

(d) TRANSFERS BETWEEN RELATED LEGAL ENTITIES

495.0720 Closely Connected Corporations. The transfer of printed letterheads, interoffice memorandum forms and Xerox copies to an automobile association, from the insurance carrier of the association, is a taxable sale, even though the two corporations are extremely closely connected, with the carrier reimbursing the association for 65 percent of its expenses. Since the carrier and the association are two separate corporate entities, making the transfer of the property to the association was a taxable retail sale under section 6006. 2/24/67.