Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2016
Sales and Use Tax Annotations
(d) TRANSFERS BETWEEN RELATED LEGAL ENTITIES
495.0780 Withdrawals of Property by Members of a Joint Venture. A joint venture is similar to a partnership, and the withdrawals of property by the joint venturers and the debiting of their respective advance accounts are transfers of title to tangible personal property for a consideration and, hence, sales of the property transferred. 7/21/53.