Today's Law As Amended


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SB-1450 Sales and use taxes: exemptions: thrift stores operated by nonprofit organizations on military installations.(2007-2008)



As Amends the Law Today


SECTION 1.

 Section 6363.4 is added to the Revenue and Taxation Code, to read:

6363.4.
 (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, tangible personal property sold by a thrift store located on a military installation and operated by a nonprofit organization.
(b) For purposes of this section, “nonprofit organization” means an organization, exempt from taxation under Section 23701d, that, in partnership with the Navy and Marine Corps, provides financial, educational, and other assistance to members of the Naval Services of the United States, eligible family members, and survivors that are in need.
(c) This section shall remain in effect through and including December 31, 2012, and shall be repealed on January 1, 2013.
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.