CA AB2031

Imposes a 1% assessment on purchases of lumber products and engineered wood products for use or consumption in California, to be collected by retailers at the time of sale and separately stated on receipts.

Retailers may retain reimbursement for startup costs associated with collecting the assessment, taken on the first or consecutive returns until fully reimbursed.

Exempts retailers with de minimis sales of less than $25,000 of qualified lumber products and engineered wood products during the previous calendar year from collection obligations, but requires them to provide notice to purchasers of their obligation to remit the assessment directly to the State Board of Equalization.

Requires the State Board of Equalization to administer and collect the assessment using the Fee Collection Procedures Law, with quarterly returns filed by retailers and payments due by the last day of each quarter.

Imposes liability on purchasers for the assessment until paid to the state, with payment to a retailer relieving further liability; uncollected or unremitted assessments become debts owed by retailers to the state.