AB 856
Sales and Use Tax: exemptions: manufacturing.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Revenue and Taxation
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill extends a temporary sales and use tax exemption for manufacturing equipment in California. Currently, this exemption applies to purchases of qualified equipment up to $200 million by certain manufacturers. The bill extends this exemption until January 1, 2036, and removes a reporting requirement related to the exemption’s impact on state revenue. It also includes provisions requiring the Department of Tax and Fee Administration to report on the exemption’s use and impact, and prohibits state reimbursement to local agencies for revenue lost due to the exemption.
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