Loading chat...

CA AB2280

Bill

Official Source

Status

Introduced

2/18/2010

Primary Sponsor

Jeff Miller

Click for details

Origin

State Assembly

2009-2010 Session

AI Summary

  • Exempts equipment purchased by manufacturers for use in their manufacturing business in California from state sales and use taxes
  • Exemption applies to both the sale of equipment and its storage, use, or consumption within the state
  • Prohibits the state from reimbursing counties and cities for sales and use tax revenue losses resulting from this exemption, despite existing law that typically requires such reimbursement
  • Takes effect immediately upon enactment as a tax levy
  • Requires majority vote; identified as a state-mandated local program

Legislative Description

Sales and use taxes: exemption: business equipment.

Last Action

In committee: Set, second hearing. Held under submission.

5/10/2010

Committee Referrals

Revenue and Taxation3/11/2010

Full Bill Text

No bill text available