CA AB2681

Expands the definition of "retail sale" to include any sale by a convicted seller of tangible personal property bearing a counterfeit mark, regardless of whether the sale is for resale in the regular course of business.

Expands the definition of "storage" and "use" to include purchases by a convicted purchaser of tangible personal property bearing a counterfeit mark, regardless of resale status.

Defines "convicted seller" and "convicted purchaser" as persons convicted under Penal Code Section 350 or 653w, or federal law (18 U.S.C. § 2320), on or after the date of sale or purchase.

Requires notices of deficiency determination to convicted sellers and purchasers to be mailed within one year after the last day of the calendar month following their conviction date.

Establishes legislative intent that fines and restitution imposed under counterfeit mark laws be satisfied before tax collection from convicted sellers or purchasers.