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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 395.2150
(j) Mergers and Reorganizations
(1) Mergers
395.2150 Statutory Merger—Use of Property Received in. The surviving corporation in a statutory merger becomes subject to use tax when it acquires from the merged corporation and uses equipment previously acquired by the merged corporation ex-tax for resale and leased to the surviving corporation. The person of the merged corporation continues in the survivor and the ex-tax status of the equipment and the obligation of the merged corporation with respect to it carries over to the survivor. 9/23/71.