California Revenue and Taxation Code

§ 60048

RTC § 60048 Effective Oct 2, 2001Div. 2 · Part 31 · Ch. 1

Statute text

“Sale” means:

(a)The transfer of title to diesel fuel (other than diesel fuel in a terminal) to a buyer for consideration, which may consist of money, services, or other property.

(b)The transfer of the inventory position in the diesel fuel in a terminal if the buyer becomes the positionholder with respect to the diesel fuel.

Legislative history

Added by Stats. 2001, Ch. 429, Sec. 45. Effective October 2, 2001. Operative January 1, 2002, by Sec. 78 of Ch. 429.