Revenue and Taxation Code section 60048

“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.

Source: Section 60048, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=60048.­ (updated Oct. 2, 2001; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 60048's source at ca​.gov