BILL NUMBER: AB 1126	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Charles Calderon

                        FEBRUARY 18, 2011

   An act to amend Section 7053 of the Revenue and Taxation Code,
relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1126, as introduced, Charles Calderon. 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. The
State Board of Equalization administers the collection of taxes as
imposed under those laws. Existing law requires every seller, certain
retailers, and every person storing, using, or otherwise consuming
in this state tangible personal property purchased from a retailer to
keep any records, receipts, invoices, and other pertinent papers in
any form as the board may require.
   This bill would make various technical, nonsubstantive changes to
this requirement.
   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 7053 of the Revenue and Taxation Code is
amended to read:
   7053.  Every seller, every retailer as defined in subdivision (b)
of Section 6015, and every person storing, using, or otherwise
consuming in this  State   state  tangible
personal property purchased from a retailer shall keep  such
 records, receipts, invoices, and other pertinent papers in
 such   any  form as the board may require.