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Business Taxes Law Guide—Revision 2024

Sales and Use Tax Annotations


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395.0000 Occasional Sales—Sale of a Business—Business Reorganization—Regulation 1595

Annotation 395.1800

(i) Transfers and Contributions to New Corporation or Partnership


395.1800 Commencing Corporation. A transfer of assets directly to a commencing corporation formed for such transaction, solely in exchange for all of the stock of such new corporation is not subject to tax. 1/7/53.