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DIVISION 2. OTHER TAXES 6001-61050›PART 18.5. TIMBER YIELD TAX 38101-38908›CHAPTER 6. Collection of Taxes 38501-38577›ARTICLE 7. Payment on Termination of Business and Successor’s Liability 38561-38565

§ 38561

California Revenue and Taxation Code · 2020-11 edition · updated 2026-10-04 · California

If any person liable for any amount under this part sells out his or her business or quits the business, the person’s successors or assigns shall withhold sufficient of the purchase price to cover the amount 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. 1985, Ch. 186, Sec. 15.)

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California Revenue and Taxation Code

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