Today's Law As Amended

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AB-1517 Sales and use taxes.(2019-2020)

As Amends the Law Today


 Section 6006.6 of the Revenue and Taxation Code is amended to read:

 “Sale” includes any sale at an auction in respect to tangible personal property which that  is sold to a successful bidder at the auction upon an agreement or understanding at the time of the sale that the property involved either will not be delivered to the successful bidder or that any amount which  he or she  may pay for the property pursuant to the sale will be returned to him.  him or her.  The tax shall be computed in such case upon the amount of the successful bid.