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AB-2365 Sales and use taxes: exclusion: pawnbrokers: transfer of vested property.(2015-2016)

Senate:
1st
Cmt
2nd
Pass
Assembly:
1st
Cmt
2nd
Cmt
2nd
Pass
Pass
Veto
Bill Status
AB-2365
Gipson (A)
-
Brough (A) , Wagner (A)
Sales and use taxes: exclusion: pawnbrokers: transfer of vested property.
03/20/16
An act to add and repeal Section 6010.15 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
Assembly
08/12/16
05/16/16

Type of Measure
Inactive Bill - Vetoed
Majority Vote Required
Non-Appropriation
Fiscal Committee
Non-State-Mandated Local Program
Urgency
Tax levy
Last 5 History Actions
Date Action
08/30/16 Consideration of Governor's veto pending.
08/29/16 Vetoed by Governor.
08/15/16 Enrolled and presented to the Governor at 3:30 p.m.
08/11/16 In Assembly. Ordered to Engrossing and Enrolling.
08/11/16 Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 4873.).
Governor's Veto Message
To the Members of the California State Assembly:

I am returning Assembly Bill 2365 without my signature.

This bill, until January 1, 2022, would establish a sales tax exemption to customers who buy back their pledged property from pawnbrokers after defaulting on a loan.

I continue to believe that the state's budget remains precariously balanced due to unexpected costs and the provision of new services. New sales tax exemptions, like new spending on programs, need to be considered comprehensively as part of the budget deliberations.

Therefore, I cannot sign this measure.

Sincerely,



Edmund G. Brown Jr.