AB 1724: Sales and Use Tax Law: rates.

Session Year: 2023-2024
House: Assembly

Current Status:

Failed

(2024-02-01: From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.)

Introduced

First Committee Review

First Chamber

Second Committee Review

Second Chamber

Enacted

Version:

Existing sales and use tax laws impose 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.

This bill would reduce the rate of tax imposed by the Sales and Use Tax Law on and after January 1, 2024, and before January 1, 2025, by 1%.

This bill would take effect immediately as a tax levy.

Existing law authorizes a taxpayer to appeal the decision of the Franchise Tax Board to disallow a claim for refund. That law requires the Office of Tax Appeals (office) to hear and determine the appeal and to notify the taxpayer and the Franchise Tax Board of its determination. Existing law makes the determination of the office final after 30 days unless the taxpayer or the Franchise Tax Board files a petition for rehearing. In the case of a petition for rehearing, existing law makes the determination final 30 days from the date the office issues its opinion on the petition.This bill, instead, would make the determination final after 35 days as specified in both of the circumstances described above.

Discussed in Hearing

Assembly Standing Committee on Revenue and Taxation

4MIN

Apr 17, 2023

Assembly Standing Committee on Revenue and Taxation

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Bill Author

Kate Sanchez

AB 1724: Sales and Use Tax Law: rates.

Current Status:

Assembly Standing Committee on Revenue and Taxation

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