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CA SB898
Bill
AI Summary
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Exempts from California sales and use taxes the gross receipts from sales of animal whole blood, plasma, blood products, and blood derivatives sold by nonprofit animal blood banking organizations for use in treating or preventing injury or disease in animals under Food and Agricultural Code Section 9241
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Defines "nonprofit" as organizations exempt from federal income taxation under Internal Revenue Code Section 501(c)(3)
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Exemption remains in effect only until January 1, 2022, when it automatically repeals
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State shall not reimburse cities and counties for any sales and use tax revenue losses resulting from this exemption, notwithstanding existing reimbursement requirements
Legislative Description
Sales and use taxes: exemption: animal blood.
Last Action
Last day to consider Governor's veto pursuant to Joint Rule 58.5.
11/30/2016