Today's Law As Amended


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AB-124 Sales and use taxes: exemption: energy efficient appliances.(2001-2002)



As Amends the Law Today


SECTION 1.

 Section 6356.4 is added to the Revenue and Taxation Code, to read:

6356.4.
 (a) There are exempted from the taxes imposed by this part the gross receipts from the sale in this state of, and the storage, use, or other consumption in this state of energy efficient residential and commercial appliances.
(b) For purposes of this section, “energy efficient” means that the appliances meet or exceed the applicable ENERGY STAR efficiency requirements developed by the United States Environmental Protection Agency and the United States Department of Energy.
SEC. 2.
 This act provides for a tax levy within the meaning of Article IV of the Constitution and shall go into immediate effect. However, the provisions of this act shall become operative on the first day of the first calendar quarter commencing more than 90 days after the effective date of this act.