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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 395.1885
(i) Transfers and Contributions to New Corporation or Partnership
395.1885 Commencing Corporation—Definition. A corporation is a commencing corporation within the meaning of Regulation 1595 if it has not previously issued any stock. The mere recordation of its corporate existence with the Secretary of State and the Franchise Tax Board does not in and of itself disqualify the corporation as a commencing corporation for purposes of Regulation 1595. 11/29/89. (Am. 2000–2).