Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Revenue and Taxation Code
Part 6. Private Railroad Car Tax
Chapter 4. Collection of Tax
Article 6. Payment on Termination of Business and
11521. Withholding of tax due from purchase price. If any person liable for any amount under this part sells his or her business or quits the business, the person's successors or assigns shall withhold a sufficient amount of the purchase price to cover the amount due until the former owner produces a receipt from the board showing that it has been paid or a certificate stating that no amount is due.
History.—Added by Stats. 1987, Ch. 498, in effect January 1, 1988.