Today's Law As Amended


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AB-307 Sales and use taxes: exemptions: fuel passenger transit buses.(2007-2008)



As Amends the Law Today


SECTION 1.

 Section 6368.11 is added to the Revenue and Taxation Code, to read:

6368.11.
 (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, a fuel-cell vehicle, or fuel-cell system used exclusively for the purpose of upgrading a fuel-cell vehicle sold or leased to a qualified person.
(b) For the purposes of this section:
(1) “Fuel-cell vehicle” means a heavy‑duty public transit bus, of no less than 40 feet in length, whose primary source of power is derived from a fuel-cell system.
(2) “Fuel-cell system” means a fuel-cell system that chemically combines hydrogen and oxygen to generate electricity to energize electric drive motors.
(3) “Qualified person” means a public agency, public transit district, or a public local or regional transportation entity organized under the laws of this state.
SEC. 2.
 Notwithstanding Section 2230 of the Revenue and Taxation Code, no appropriation is made by this act and the state shall not reimburse any local agency for any sales and use tax revenues lost by it under this act.
SEC. 3.
 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.