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2025 California Code
Revenue and Taxation Code - RTC
DIVISION 2 - OTHER TAXES
PART 6 - PRIVATE RAILROAD CAR TAX
CHAPTER 4 - Collection of Tax
ARTICLE 6 - Payment on Termination of Business and Successor’s Liability
Section 11521.
Universal Citation:
CA Rev & Tax Code § 11521 (2025)
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11521. 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.)
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