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Business Taxes Law Guide—Revision 2024

BTLG Table of Contents > Sales and Use Tax Annotations > O > 395.0000 Occasional Sales > Annotation 395.1860

Sales and Use Tax Annotations


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

Annotation 395.1860

(i) Transfers and Contributions to New Corporation or Partnership

395.1860 Commencing Corporation. Machinery and equipment transferred by taxpayer to corporation formed by taxpayer, solely as capital contribution for which taxpayer received stock, is not taxable sale. 7/31/50.