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Business Taxes Law Guide – Revision 2021
 

Diesel Fuel Tax Law

CHAPTER 1. GENERAL PROVISIONS AND DEFINITIONS.

Section 60048


60048. "Sale." "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.

History—Added by Stats. 2001, Ch. 429 (AB 309), in effect January 1, 2002.