Bill Text

Bill Information

Add To My Favorites | print page

AB-2430 Sales and use taxes.(2011-2012)

SHARE THIS:share this bill in Facebookshare this bill in Twitter
AB2430:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2011–2012 REGULAR SESSION

Assembly Bill
No. 2430


Introduced  by  Assembly Member Carter

February 24, 2012


An act to amend Section 6009.1 of the Revenue and Taxation Code, relating to taxation.


LEGISLATIVE COUNSEL'S DIGEST


AB 2430, as introduced, Carter. Sales and use taxes.
Existing sales and use tax laws exclude from the definition of “storage” and “use” specified actions done with respect to tangible personal property for the purpose of transporting that property outside the state for use solely outside the state.
This bill would make a technical, nonsubstantive change to this provision.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 6009.1 of the Revenue and Taxation Code is amended to read:

6009.1.
 “Storage” and “use” do not include the keeping, retaining, or exercising any right or power over tangible personal property for the purpose of subsequently transporting it outside the state for use thereafter solely outside the state, or for the purpose of being processed, fabricated, or manufactured into, attached to or incorporated into, other tangible personal property to be transported outside the state and thereafter used solely outside the state.