BILL ANALYSIS                                                                                                                                                                                                    �




                     SENATE GOVERNANCE & FINANCE COMMITTEE
                            Senator Lois Wolk, Chair
          

          BILL NO:  AB 43                       HEARING:  6/25/14
          AUTHOR:  Bocanegra                    FISCAL:  Yes
          VERSION:  1/6/14                      TAX LEVY:  No
          CONSULTANT:  Bouaziz                  

             SALES & USE TAXES: CLAIM FOR REFUND: CUSTOMER REFUNDS
          

          Authorizes a person to irrevocably assign to a customer the  
          right to receive a refund under the Sales and Use Tax.


                           Background and Existing Law  

          State law imposes a sales tax on retailers for the  
          privilege of selling tangible personal property, absent a  
          specific exemption.  The tax is based upon the retailer's  
          gross receipts from sales in this state.  The law provides  
          that any amount collected or paid in excess of what is due  
          under the sales tax law must be credited by the Board of  
          Equalization (BOE) against any other amounts due from the  
          person from whom the excess amount was collected or by whom  
          it was paid, and the balance refunded.  

          When a sales and use tax is imposed on a customer, but is  
          an amount that is either not taxable or is in excess of the  
          taxable amount, the amount paid must be returned to the  
          customer by the retailer upon notification by the BOE or  
          the customer.  The customer cannot obtain the refund  
          directly from the BOE.


                                   Proposed Law  

          Assembly Bill 43 authorizes a person to irrevocably assign  
          a customer the right to receive a refund under the sales  
          and use tax law.  A retailer may make an irrevocable  
          election to assign a customer the right to receive the  
          refund if all of the following conditions are met:

                 The amount is in excess of the actual tax owed,  
               pursuant to existing law.
                 The irrevocable election to assign to the customer  
               the amount refunded is provided by a statement signed  




          AB 43 -- 01/06/14 -- Page 2



               by the customer authorizing the named customer to  
               receive a refund.
                 The signed statement is submitted to the BOE in  
               conjunction with the person's claim for refund.
                 The amount to be refunded is $50,000 or greater.  

                               State Revenue Impact

           BOE estimates that the revenue impact is indeterminable.


                                    Comments  

          1.   Purpose of the bill  .  According to the author, "This  
          commonsense measure would, under limited circumstances,  
          allow a retailer to assign its right to receive a sales tax  
          refund to a customer.  To promote administrative  
          efficiency, such direct refunds would only be allowed where  
          the refund amount is $50,000 or more and is made to a  
          single customer.  Issuing a refund directly to a customer  
          would shorten the refund process by approximately two to  
          three months, given that there would be no additional  
          processing to be performed by the retailer.  Thus, this  
          bill will enable customers to receive refunds in a more  
          expeditious fashion.  It will also ease the workload of  
          certain retailers, who will no longer be required to issue  
          refund checks themselves."

          2.   Second time around  .  Last year an identical bill, AB  
          1412 (Bocanegra, 2013), was heard and amended in this  
          Committee.  The author and the Committee agreed to add  
          language that prohibited contingency fees from being paid  
          or charged in connection with the election, assignment, or  
          claim for refund. The Committee may wish to consider  
          including intent language that reflects and addresses the  
          concerns raised in Committee last year in relation to  
          contingency fees.  


                                 Assembly Actions  

          Assembly Revenue & Taxation             9-0
          Assembly Appropriations                      16-0
          Assembly Floor                          78-0







          AB 43 -- 01/06/14 -- Page 3



                        Support and Opposition  (06/19/14)

           Support  :  Board of Equalization; Board of Equalization,  
          Chairman Jerome Horton; California Retailers Association;  
          California Society of CPAs; California Taxpayers  
          Association; Ryan.

           Opposition  :  California Department of Finance.