Bill Text: CA SB1448 | 2013-2014 | Regular Session | Introduced
Bill Title: Sales and use taxes.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-03-17 - Referred to Com. on RLS. [SB1448 Detail]
Download: California-2013-SB1448-Introduced.html
BILL NUMBER: SB 1448 INTRODUCED BILL TEXT INTRODUCED BY Senator Fuller FEBRUARY 21, 2014 An act to amend Section 6007.5 of the Revenue and Taxation Code, relating to taxation. LEGISLATIVE COUNSEL'S DIGEST SB 1448, as introduced, Fuller. Sales and use taxes. 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. That law includes as a retail sale, a sale of tangible personal property to a contractor or subcontractor for use in the performance of construction contracts with the United States. This bill would make technical, nonsubstantive changes to those provisions. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 6007.5 of the Revenue and Taxation Code is amended to read: 6007.5. A sale of tangible personal property to a contractor or subcontractor for use in the performance of contracts with the United States for the construction of improvements on or to real property in thisStatestate is a retail sale. The gross receipts fromsuch athat sale or the sales price of property so sold shall be included in the measure of the taxes imposed by this part.