SB 120, as introduced, Anderson. Sales and use taxes.
A provision of the Sales and Use Tax Law imposes a state sales tax at a rate of 43⁄4% of the gross receipts of the retail sale of tangible personal property in the state.
This bill would make technical, nonsubstantive changes to that provision.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 6051 of the Revenue and Taxation Code
2 is amended to read:
For the privilege of selling tangible personal property at
4begin delete retailend deletebegin insert retail,end insert a tax isbegin delete herebyend delete imposed upon all retailersbegin delete at the rate
5of 21⁄2 percent of the gross receipts of any retailer from the sale of
6all tangible personal property sold at retail in this state on or after
7August 1, 1933, and to and including June 30, 1935, and at the
8rate of 3 percent thereafter, and at the rate of 21⁄2 percent on and
9after July 1, 1943, and to and including
June 30, 1949, and at the
10rate of 3 percent on and after July 1, 1949, and to and including
11July 31, 1967, and at the rate of 4 percent on and after August 1,
121967, and to and including June 30, 1972, and at the rate of 33⁄4
P2 1 percent on and after July 1, 1972, and to and including June 30,
21973, and at the rate of 43⁄4 percent on and after July 1, 1973, and
3to and including September 30, 1973, and at the rate of 33⁄4 percent
4on and after October 1, 1973, and to and including March 31, 1974,
5andend deletebegin delete thereafter.end deletebegin insert of the gross receipts of
6any retailer from the sale of all tangible personal property sold
7at retail in this state.end insert
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