(a) “Sale” and “purchase” do not include any lease or transfer of title of tangible personal property constituting any project to any participating party. As used in this section, “project” has the meaning specified in subparagraph (B) of paragraph (7) of subdivision (a) of § 26003 of the Public Resources Code and “participating party” has the meaning specified in subparagraph (B) of paragraph (6) of subdivision (a) of § 26003 of the Public Resources Code.

(b) This section shall become operative on January 1, 2026.

Terms Used In California Revenue and Taxation Code 6010.8 v2

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Personal property: All property that is not real property.

(Amended (as amended by Stats. 2015, Ch. 788, Sec. 6) by Stats. 2019, Ch. 690, Sec. 15. (AB 1583) Effective January 1, 2020. Section operative January 1, 2026, by its own provisions.)

  Previous section
Next section  
 Chapter 1 Contents