If you sold any business assets, such as fixtures and equipment, during the reporting period, you must report the sale. When reporting a sale, include the new owner's name and mailing address.Business Operations Tax details and licensing information for the City of Sacramento. If you sold business-use property during the year, you had a gain or a loss on the sale. Complete and file Form 4797: Sale of Business Property. The transfer of the assets of a business may be a taxable transfer for sales tax purposes. File your Business Property Statement using SDR January 30 June 9. When reporting a sale, include the new owner's name, mailing address and phone number. Businesses must report and pay use tax on items purchased from outofstate vendors not required to collect California tax on their sales. You can now renew your account and pay tax online.