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CA SB1330
Bill
AI Summary
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Provides a sales and use tax exemption on or after January 1, 2021, for electric vehicles and hybrid electric vehicles with a final listing price not exceeding $25,000.
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Exemption applies to gross receipts from sales in California and storage, use, or consumption of qualifying vehicles purchased within the state.
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The state shall not reimburse local agencies or counties for sales and use tax revenue losses resulting from this exemption, notwithstanding existing reimbursement requirements.
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Takes effect immediately as a tax levy under Article IV of the California Constitution.
Legislative Description
Sales and Use Tax Law: zero emissions vehicle exemption.
Last Action
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
3/26/2020