Taxation.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill makes changes to California’s sales and use tax laws, primarily impacting how retailers and dealers report and pay taxes. It streamlines the process for dealers to report vehicle sales to the Department of Motor Vehicles (DMV) instead of the California Department of Tax and Fee Administration (CDTFA), and allows dealers to potentially exempt themselves from paying taxes if they sell a significant number of vehicles. The bill also expands the Marketplace Facilitator Act to include fees related to electronic waste recycling and makes adjustments to personal income tax exclusions for retirement pay, annuity payments, wildfire settlement amounts, and Chiquita Canyon landfill compensation. Finally, it modifies the calculation of credits for historic rehabilitation and motion picture production, and adjusts the state’s reimbursement obligations for court-ordered fines.
Key provisions
- Requires dealers to file an application with the DMV instead of CDTFA for vehicle sales, potentially exempting dealers with high sales volumes.
- Expands the Marketplace Facilitator Act to include fees related to the Electronic Waste Recycling Act of 2003.
- Introduces exclusions from personal income tax for retirement pay, annuity payments, wildfire settlement amounts, and Chiquita Canyon compensation, effective for specific tax years.
- Adjusts the calculation of credits for historic rehabilitation and motion picture production, increasing the amount available for affordable housing projects.
- Modifies the apportionment of business income for corporations, removing banking and financial activities from the qualified business activity definition.
- Revises the state’s reimbursement obligations for court-ordered fines, increasing the percentage from 15% to 20%.
Bill text
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Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Committee on Budget and Fiscal Review
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