CA SB884

Revises use tax reporting requirements for qualified purchasers to apply Article 1 of Chapter 5 provisions for reporting periods on or after January 1, 2010, replacing the previous April 15 filing deadline with a new filing timeline determined by the board.

Authorizes the State Board of Equalization to grant reasonable extensions for filing returns for the 2009 calendar year only when good cause exists, with extensions limited to six months for income tax filers and seven months for franchise tax filers.

Defines "qualified purchaser" as a person with at least $100,000 in gross receipts per calendar year who is not required to hold a seller's permit, is not registered for use tax, and does not hold a direct payment permit.

Exempts the bill's application from purchases of vehicles, vessels, or aircraft subject to different tax provisions.

Takes effect immediately as an urgency statute to address use tax administration and collection problems.