CA SB1086

Limits gross receipts from sales of wireless telecommunication devices sold with service contracts to the bundled sales price, rather than the unbundled device price.

Defines "bundled transaction" as a retail sale of a wireless device that requires the customer to activate or contract with a wireless service provider for over one month as a condition of purchase.

Applies to portable communication devices such as wireless telephones and pagers using analog or digital technology that require activation by a wireless service provider.

Prohibits state reimbursement to local agencies for sales and use tax revenue losses resulting from this change, notwithstanding existing reimbursement requirements under Section 2230 of the Revenue and Taxation Code.

Takes immediate effect as a tax levy, with operative date on the first day of the first calendar quarter commencing more than 90 days after enactment.