CA SBX618

Exempts qualified manufacturers from state sales and use taxes on tangible personal property used in manufacturing, processing, refining, fabricating, or recycling, effective on staggered dates beginning March 15, 2011

Defines qualified persons by specific NAICS codes: codes 311, 315, 3254, 331, 332, 333, 334, 336, 3391, and 5112 beginning March 15, 2011, with additional codes 313, 314, 316, 321, 322, 323, 325, 326, 327, 335, 337, and 339 added July 1, 2012

Exemption does not apply to local sales taxes, transactions and use taxes, or tangible personal property used in administration, general management, or marketing

Requires all apportioning trade or business taxpayers to use a single sales factor formula for income apportionment, rather than allowing them to elect this method

Establishes legislative intent to extend the manufacturing equipment exemption to all manufacturing activity on and after July 1, 2013