Today's Law As Amended

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AB-2540 Sales and use taxes: exemption: gun safes: trigger locks.(2015-2016)



SECTION 1.

 Section 6372 is added to the Revenue and Taxation Code, to read:

6372.
 (a) (1) On and after January 1, 2017, and before January 1, 2018, there are exempted from the taxes imposed by this part the gross receipts from the sale of, and the storage, use, or other consumption in this state of, qualified property.
(2) As used in this section, “qualified property” means both of the following:
(A) A gun safe, as that term is defined in Section 16610 of the Penal Code, with a cost of one thousand dollars ($1,000) or less.
(B) A trigger lock.
(b) Notwithstanding any provision of the Bradley-Burns Uniform Local Sales and Use Tax Law (Part 1.5 (commencing with Section 7200)) or the Transactions and Use Tax Law (Part 1.6 (commencing with Section 7251)), the exemption established by this section shall not apply with respect to any tax levied by a county, city, or district pursuant to, or in accordance with, either of those laws.
SEC. 2.
 This act provides for a tax levy within the meaning of Article IV of the Constitution and shall go into immediate effect.