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AB-1517 Sales and use taxes.(2019-2020)



Current Version: 02/22/19 - Introduced

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AB1517:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill
No. 1517

Introduced by Assembly Member Diep

February 22, 2019

An act to amend Section 6006.6 of the Revenue and Taxation Code, relating to taxation.


LEGISLATIVE COUNSEL'S DIGEST


AB 1517, as introduced, Diep. Sales and use taxes.
The Sales and Use Tax Law imposes taxes 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 law defines “sale” for the purposes of that law as including, among others, a sale at an auction with respect to tangible personal property sold to a successful bidder at the auction upon an agreement or understanding with specified terms.
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 6006.6 of the Revenue and Taxation Code is amended to read:

6006.6.
 “Sale” includes any sale at an auction in respect to tangible personal property which that is sold to a successful bidder at the auction upon an agreement or understanding at the time of the sale that the property involved either will not be delivered to the successful bidder or that any amount which he or she may pay for the property pursuant to the sale will be returned to him. him or her. The tax shall be computed in such case upon the amount of the successful bid.