BILL NUMBER: SB 1412	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Blakeslee

                        FEBRUARY 24, 2012

   An act to amend Section 6006.6 of the Revenue and Taxation Code,
relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1412, as introduced, Blakeslee. Sales and use taxes.
   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.
Existing law provides that the tax on a sale completed at an auction
will be computed according to the amount of the successful bid.
   This bill would make technical, nonsubstantive changes to these
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 6006.6 of the Revenue and Taxation Code is
amended to read:
   6006.6.  "Sale" includes any sale at an auction in respect to
tangible personal property  which   that 
is sold to a successful bidder at the auction upon an agreement or
understanding at the time of the sale that the property involved
either will not be delivered to the successful bidder or that any
amount which   that  he  or she 
may pay for the property pursuant to the sale will be returned to him
 or her  . The tax shall be computed in such case upon the
amount of the successful bid.