Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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S

495.0000 SALE

Annotation 495.0738

(d) TRANSFERS BETWEEN RELATED LEGAL ENTITIES

495.0738 Transfer by Tenants in Common. A sale does not occur upon the transfer of a vessel by the tenants in common owners to a trust in which the tenants in common are the trustees, when there are no outstanding loans on the vessel which are assumed by the trust and the transferees receive no other consideration. 4/29/91.