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Business Taxes Law Guide—Revision 2024
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
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395.0000 Occasional Sales—Sale of a Business—Business Reorganization—Regulation 1595
Annotation 395.1320
(g) "Substantially all the Property"—Transfer of
395.1320 Partnership Sale to Corporations. Where, in one transaction, substantially all of the assets of a partnership are transferred to three corporations, a portion to each, it is an exempt occasional sale for the reason that each partner had an equal shareholding interest in each corporation. 2/1/57.