CA AB1562

Exempts qualified disaster preparedness products from state sales and use taxes during a 1-day period beginning at 12:01 a.m. on the second Saturday in October 2017 and ending at midnight that same day.

Qualifies products include portable lights ($30 or less), radios ($60 or less), first-aid kits ($30 or less), batteries ($30 or less), coolers ($30 or less), portable generators ($750 or less), water purification systems ($40 or less), fuel tanks ($25 or less), emergency beacons ($50 or less), and emergency flares ($20 or less).

Extends the tax exemption to products purchased through layaway agreements (with at least 10 percent deposit made during the exemption period), rainchecks issued during the period, or prepaid orders placed during the exemption period.

Specifies the exemption applies only to state taxes and does not apply to local sales and use taxes or transactions and use taxes levied by counties, cities, or districts.

Repeals this section as of January 1, 2018, making the exemption temporary for the October 2017 period only.