Bill Text: CA SB542 | 2021-2022 | Regular Session | Amended
Bill Title: Sales and use taxes: exemption: medium- or heavy-duty zero-emission trucks.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Engrossed - Dead) 2022-08-11 - August 11 hearing: Held in committee and under submission. [SB542 Detail]
Download: California-2021-SB542-Amended.html
Amended
IN
Senate
May 25, 2021 |
Amended
IN
Senate
May 03, 2021 |
Amended
IN
Senate
April 20, 2021 |
Amended
IN
Senate
March 25, 2021 |
Introduced by Senator Limón (Coauthors: Senators Cortese, Dodd, and Newman) |
February 18, 2021 |
LEGISLATIVE COUNSEL'S DIGEST
Existing law, the Vehicle License Fee Law, establishes, in lieu of any ad valorem property tax upon vehicles, an annual license fee for any vehicle subject to registration in this state at a specified percentage of the market value of that vehicle. Existing law requires the annual amount of the license fee for any commercial vehicle to be a sum equal to 0.65 percent of the market value of the vehicle as determined by the California Department of Motor Vehicles.
This bill would instead require, for license fees due prior to January 1, 2027, the annual amount of the license fee for a new on-road medium- or heavy-duty zero-emission truck to be a sum equal to 0.65 percent of the market value of an equivalent new medium- or heavy-duty diesel or gasoline truck, as determined by the State Air Resources Board.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 6377.2 is added to the Revenue and Taxation Code, to read:6377.2.
(a) There are exempted from the taxes imposed by this part the gross receipts from the sale in this state of, and the storage, use, or other consumption in this state of, a qualified motor vehicle.(c)
(d)
(a)The annual amount of the license fee for any vehicle, other than a trailer or semitrailer, as described in subdivision (a) of Section 5014.1 of the Vehicle Code or a commercial motor vehicle described in Section 9400.1 of the Vehicle Code, or a trailer coach that is required to be moved under permit as authorized in Section 35790 of the Vehicle Code, shall be a sum equal to the following percentage of the market value of the vehicle as determined by the department:
(1)Sixty-five hundredths of 1 percent on and after January 1, 2005, and before May 19, 2009.
(2)One percent for initial and renewal registrations due on and
after May 19, 2009, but before July 1, 2011.
(3)Sixty-five hundredths of 1 percent for initial and renewal registrations due on and after July 1, 2011.
(b)(1)Except as provided in paragraph (2), the annual amount of the license fee for any commercial vehicle as described in Section 9400.1 of the Vehicle Code, shall be a sum equal to 0.65 percent of the market value of the vehicle as determined by the department.
(2)For license fees due prior to January 1, 2027, the annual
amount of the license fee for a new on-road medium- or heavy-duty zero-emission truck shall be a sum equal to 0.65 percent of the market value of an equivalent new medium- or heavy-duty diesel or gasoline truck as determined by the State Air Resources Board.
(c)Notwithstanding Chapter 5 (commencing with Section 11001) or any other law to the contrary, all
revenues (including penalties), less refunds, attributable to that portion of the rate imposed pursuant to this section in excess of 0.65 percent shall be deposited into the General Fund.