Bill > SB863

This bill makes several technical amendments to the California Revenue and Taxation Code across five different sections, addressing various tax-related administrative procedures. First, the bill clarifies that tax remittances will be considered received on the date they are received by the county treasurer-tax collector when no specific dates are specified. Second, it expands the circumstances under which a tax collector can reduce the minimum price at a property tax sale, now allowing reductions when default taxes are decreased due to the removal or reduction of special assessments or direct property charges. Third, the bill modifies the Transactions and Use Tax Law to specify that local tax ordinances can only become operative on the first day of a calendar quarter, starting more than 110 days after the election proposing the tax. Fourth, the bill addresses motion picture tax credits, prohibiting certain restrictions on credit assignments for single-member limited liability companies. Finally, the bill updates references from the State Board of Equalization to the California Department of Tax and Fee Administration to reflect organizational changes in tax administration, specifically in provisions related to cigarette and tobacco product taxes. These changes are primarily technical in nature and aim to clarify existing tax laws and administrative procedures.