Today's Law As Amended


Bill PDF |Add To My Favorites | print page

SB-898 Sales and use taxes: exemption: animal blood.(2015-2016)



As Amends the Law Today


SECTION 1.

 Section 6358.6 is added to the Revenue and Taxation Code, to read:

6358.6.
 (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, animal whole blood, plasma, blood products, and blood derivatives, sold by a nonprofit animal blood banking business for use in the cure, mitigation, treatment, or prevention of injury or disease in animals pursuant to Section 9241 of the Food and Agricultural Code.
(b) For purposes of this section, “nonprofit” means an organization exempt from federal income taxation as an organization described in Section 501(c)(3) of the Internal Revenue Code.
(c) This section shall remain in effect only until January 1, 2022, and as of that date is repealed.
SEC. 2.
 Notwithstanding Section 2230 of the Revenue and Taxation Code, no appropriation is made by this act and the state shall not reimburse cities and counties for any sales and use tax revenues lost by them 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.