California Revenue and Taxation Code 11521 – If any person liable for any amount under this part sells his or her …
Current as of: 2024 | Check for updates
|
Other versions
If any person liable for any amount under this part sells his or her business or quits the business, the person’s successors or assigns shall withhold a sufficient amount of the purchase price to cover the amount due until the former owner produces a receipt from the board showing that it has been paid or a certificate stating that no amount is due.
(Added by Stats. 1987, Ch. 498, Sec. 20.)
Terms Used In California Revenue and Taxation Code 11521
- board: means the California Department of Tax and Fee Administration. See California Revenue and Taxation Code 20
- Person: includes any person, firm, partnership, general partner of a partnership, limited liability company, registered limited liability partnership, foreign limited liability partnership, association, corporation, company, syndicate, estate, trust, business trust, or organization of any kind. See California Revenue and Taxation Code 19