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AB-1424 Sales and use taxes.(2021-2022)

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Date Published: 02/19/2021 09:00 PM
AB1424:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

Assembly Bill
No. 1424


Introduced by Assembly Member Nguyen

February 19, 2021


An act to amend Section 6352 of the Revenue and Taxation Code, relating to taxation.


LEGISLATIVE COUNSEL'S DIGEST


AB 1424, as introduced, Nguyen. 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.
The Sales and Use Tax Law provides for various exemptions from those taxes, including an exemption for the sale of, or the storage, use, or other consumption in this state of, tangible personal property that this state is prohibited from taxing under the Constitution or laws of the United States or under the Constitution of the State of California.
This bill would make nonsubstantive changes to this provision.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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


SECTION 1.

 Section 6352 of the Revenue and Taxation Code is amended to read:

6352.
 There are exempted from the taxes imposed by this part the gross receipts from the sale of of, and the storage, use, or other consumption in this State of state of, tangible personal property the gross receipts from the sale of which, or the storage, use, or other consumption of which, this State state is prohibited from taxing under the Constitution or laws of the United States or under the Constitution of this State. state.