SECTION 710:65-9-3. Change in ownership of business; new sales tax permit

(a)   When the ownership status of a business which holds a sales tax permit, changes from one type of business ownership, such as sole proprietor, partnership or corporation, to another type of business ownership, the former owner must turn in its sales tax permit pursuant to 710:65-3-9 and the new owner must apply for a new sales tax permit.

(b)   A new sales tax permit and sales tax permit number is required for corporations which are sold or transferred only if ownership of the business is transferred to a different corporation or other owner.

(c)   A new sales tax permit and number is required for partnerships if fifty percent (50%) of the partnership interest or any one of the general partners enters or leaves the partnership. The change of limited partners does not require a new permit. [See: 68 O.S. §1364]

[Source: Amended at 11 Ok Reg 3521, eff 6-26-94]