Section 60048 - "Sale" defined"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.Ca. Rev. and Tax. Code § 60048
Added by Stats 2001 ch 429 (AB 309), s 45, eff. 10/2/2001.