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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 395.2520
(l) Sales Between Parent and Subsidiaries
395.2520 Simultaneous Transfer to Subsidiaries. The simultaneous transfer of all of the assets of a corporation to one or more wholly-owned subsidiaries is an exempt occasional sales under section 6006.5(b) of the Sales and Use Tax Law. 12/3/56.