Today's Law As Amended


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SB-771 Sales and Use Tax Law: zero emissions vehicle exemption.(2021-2022)



As Amends the Law Today


SECTION 1.

 Section 6368.2 is added to the Revenue and Taxation Code, to read:

6368.2.
 (a) On or after January 1, 2022, 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 qualified fuel efficient vehicle.
(b) For purposes of this section, “qualified fuel efficient vehicle” means an electric vehicle or a hybrid electric vehicle for which the final listing price is not greater than twenty-five thousand dollars ($25,000).
SEC. 2.
 It is the intent of the Legislature to comply with Section 41 of the Revenue and Taxation Code.
SEC. 3.
  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. 4.
  This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.