California SB1406 amends sales and use tax law to hold shell companies and their members personally liable for unpaid taxes on vehicles, vessels, and.

California SB1406 amends the Revenue and Taxation Code to impose personal liability on officers, managers, partners, beneficial owners, or members of shell companies for unpaid taxes on vehicles, vessels, and aircraft. Shell companies are defined as closely held entities used to evade taxes. The bill also establishes a presumption that property bought outside California and brought in within 12 months is subject to use tax. This presumption can be rebutted with evidence such as registration outside the state or use for warranty or repair service for 30 days or less.

California SB1406 amends sales and use tax law to hold shell companies and their members personally liable for unpaid taxes on vehicles, vessels, and.

California SB1406 amends the Revenue and Taxation Code to impose personal liability on officers, managers, partners, beneficial owners, or members of shell companies for unpaid taxes on vehicles, vessels, and aircraft. Shell companies are defined as closely held entities used to evade taxes. The bill also establishes a presumption that property bought outside California and brought in within 12 months is subject to use tax. This presumption can be rebutted with evidence such as registration outside the state or use for warranty or repair service for 30 days or less.