CA SB1484

Extends the sales and use tax exemption for thrift stores operated by nonprofit organizations providing medical, hospice, or social services to individuals with chronic, life-threatening illnesses from January 1, 2019 to January 1, 2029.

Requires that at least 75 percent of net income from thrift store operations be expended for providing medical, hospice, or social services to chronically ill individuals.

Applies the exemption to gross receipts from sales of used clothing, household items, and other retail items sold by qualifying thrift stores.

Specifies that the state shall not reimburse local agencies for sales and use tax revenue losses resulting from this exemption.

Takes effect immediately upon approval as a tax levy measure.