Today's Law As Amended

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AB-542 Sales and use tax.(2013-2014)

As Amends the Law Today


 Section 6007.5 of the Revenue and Taxation Code is amended to read:

 A sale of tangible personal property to a contractor or subcontractor for use in the performance of contracts with the United States for the construction of improvements on or to real property in this State state  is a retail sale. The gross receipts from such a sale or the sales price of property so sold shall be included in the measure of the taxes imposed by this part.