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CA AB291
CA AB291Sales and Use Tax: exemptions: trucks for use in interstate or out-of-state commerce.
summary
Introduced
01/25/2023
01/25/2023
In Committee
02/02/2023
02/02/2023
Crossed Over
Passed
Dead
02/01/2024
02/01/2024
Introduced Session
2023-2024 Session
Bill Summary
An act to amend Section 6388.5 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
AI Summary
This bill extends an existing sales and use tax exemption for the purchase of new, used, or remanufactured trucks with an unladen weight of 6,000 pounds or more that are purchased for use outside of California and delivered within the state. The exemption, which was previously set to expire on January 1, 2024, would now be extended until January 1, 2029. The bill also requires the Legislative Analyst's Office to measure and report on the impact of this exemption every two years to determine if it is meeting its goal of increasing sales of commercial trucks for interstate commerce. Additionally, the bill specifies that local governments will not be reimbursed for any sales and use tax revenues lost as a result of this exemption.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. (on 02/01/2024)
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202320240AB291 |
| BillText | https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202320240AB291#99INT |
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