BILL ANALYSIS                                                                                                                                                                                                    Ó



          SENATE COMMITTEE ON APPROPRIATIONS
                             Senator Ricardo Lara, Chair
                            2015 - 2016  Regular  Session

          SB 680 (Wieckowski) - Sales taxes:  exemption:  motor vehicles
          
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          |Version: May 14, 2015           |Policy Vote: T. & H. 9 - 0,     |
          |                                |          GOV. & F. 5 - 2       |
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          |Urgency: No                     |Mandate: No                     |
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          |Hearing Date: May 28, 2015      |Consultant: Robert Ingenito     |
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          *********** ANALYSIS ADDENDUM - SUSPENSE FILE ***********
             The following information is revised to reflect amendments 
                      adopted by the committee on May 28, 2015


          Bill  
          Summary: SB 680 would exempt from sales tax (1) any qualified  
          new motor vehicle, and (2) qualified accessories sold to a  
          person for permanent use outside the State, under specified  
          conditions.


          Fiscal  
          Impact: This bill's revenue impact relative to current law is  
          completely dependent upon future taxpayer behavior, and is thus  
          unknown. However, based on historical experience, this bill  
          could reduce annual sales tax revenue by up to $25,000 annually  
          ($12,000 General Fund). Implementation costs to the Board of  
          Equalization (BOE) would be minor and absorbable.


          Author  







          SB 680 (Wieckowski)                                    Page 1 of  
          ?
          
          
          Amendments:  Author amendments make clarifying changes related  
          to (1) eligibility, and (2) the definition of "motor vehicle."


          Committee  
          Amendments: Committee amendments provides for a January 1, 2020  
          sunset.


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