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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 395.1560
(h) Ownership "Substantially Similar"—"Real or Ultimate" Ownership
395.1560 Bondholders. "Bondholders," as used in section 6006.5 refers to holders of bonds that are an ownership interest in a corporation rather than a creditor's claim. For a security to qualify as a bond for sales tax purposes, it must be issued in serial form with interest coupons attached, be payable at a date certain, be registrable, be readily transferable, be convertible to stock if desired, and contain certain provisions for acceleration of payments in case of default. 12/23/59.