Bill Text: CA SB468 | 2019-2020 | Regular Session | Amended
Bill Title: Taxation: tax expenditures: California Tax Expenditure Review Board.
Spectrum: Partisan Bill (Democrat 9-0)
Status: (Vetoed) 2020-01-13 - Veto sustained. [SB468 Detail]
Download: California-2019-SB468-Amended.html
Amended
IN
Senate
March 25, 2019 |
Senate Bill | No. 468 |
Introduced by Senator Jackson |
February 21, 2019 |
LEGISLATIVE COUNSEL'S DIGEST
The Sales and Use Tax Law imposes a tax on retailers measured by the gross receipts from the sale of tangible personal property sold at retail in this state, or on the storage, use, or other consumption in this state of tangible personal property purchased from a retailer for storage, use, or other consumption in this state. Prior to 2017, that law required every retailer selling tangible personal property for storage, use, or other consumption in this state to register with the State Board of Equalization and provide the board with specified information. In 2017, the California Department of Tax and Fee Administration was established, and existing law transferred many of the tax and fee administration duties, powers, and responsibilities of the State Board of Equalization to the department, including administration of the Sales and Use Tax Law.
This bill would make nonsubstantive changes to the requirement that every retailer selling tangible personal property in the state register with the California Department of Tax and Fee Administration.
Digest Key
Vote:Bill Text
The people of the State of California do enact as follows:
SECTION 1.
The Legislature finds and declares all of the following:SEC. 2.
Section 42 is added to the Revenue and Taxation Code, to read:42.
(a) All tax expenditures shall be repealed on December 31, 2023.SEC. 3.
Section 42.5 is added to the Revenue and Taxation Code, to read:42.5.
Prior to December 1, 2022, the Legislative Analyst’s Office shall conduct an analysis of each tax expenditure subject to Section 42 and submit a written report, submitted in compliance with Section 9795 of the Government Code, to the Legislature which shall include all of the following:SEC. 4.
This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.Every retailer selling tangible personal property for storage, use, or other consumption in this state shall register with the California Department of Tax and Fee Administration and give the name and address of all agents operating in this state,
the location of all distribution or sales houses or offices or other places of business in this
state, and such other information as the department may require.