CA AB855

Extends the qualified itinerant vendor exemption retroactively to January 1, 1986, allowing honorably discharged veterans with service-connected disabilities to be treated as consumers rather than retailers when selling tangible personal property

Maintains existing exemptions for alcoholic beverages and items sold for more than $100, which remain subject to sales tax

Defines "qualified itinerant vendor" as a sole proprietor with no permanent place of business in California who is unable to work due to service-connected disability

Repeals the itinerant vendor exemption effective January 1, 2022

Prohibits state reimbursement to local agencies for sales and use tax revenues lost due to this exemption, despite Section 2230 of the Revenue and Taxation Code