California Revenue and Taxation Code

§ 7337

RTC § 7337 Effective Oct 2, 2001Div. 2 · Part 2 · Ch. 1

Statute text

“Sale” means:

(a)The transfer of title to motor vehicle fuel (other than motor vehicle 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 motor vehicle fuel in a terminal if the buyer becomes the position holder with respect to the motor vehicle fuel.

Legislative history

Amended by Stats. 2001, Ch. 429, Sec. 15. Effective October 2, 2001. Operative January 1, 2002, by Sec. 78 of Ch. 429.