Bill Text

Bill Information

PDF |Add To My Favorites | print page

AB-1125 Sales and use taxes.(2017-2018)

SHARE THIS:share this bill in Facebookshare this bill in Twitter
Date Published: 02/17/2017 09:00 PM
AB1125:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill No. 1125


Introduced by Assembly Member Caballero

February 17, 2017


An act to amend Section 6008 of the Revenue and Taxation Code, relating to taxation.


LEGISLATIVE COUNSEL'S DIGEST


AB 1125, as introduced, Caballero. Sales and use taxes.
Existing sales and use tax laws impose a tax on retailers measured by the gross receipts from the sale of tangible personal property sold at retail in this state, or on the storage, use, or other consumption in this state of tangible personal property purchased from a retailer for storage, use, or other consumption in this state. Existing law defines “storage” for the purposes of those taxes as any keeping or retention in this state for any purpose except sale in the regular course of business or subsequent use solely outside this state of tangible personal property purchased from a retailer.
This bill would make nonsubstantive changes to that definition.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 6008 of the Revenue and Taxation Code is amended to read:

6008.
 “Storage” includes any keeping or retention in this State state for any purpose except sale in the regular course of business or subsequent use solely outside this State state of tangible personal property purchased from a retailer.