California Revenue and Taxation Code 6201.7 – (a) In addition to the taxes imposed by Section 6201 and any …
(a) In addition to the taxes imposed by Section 6201 and any other provision of this part, an excise tax is hereby imposed on the storage, use, or other consumption in this state of tangible personal property purchased from any retailer for storage, use, or other consumption in this state, at the rate of 1 percent of the sales price of the property, on and after April 1, 2009.
(b) This section shall cease to be operative on July 1, 2011, unless the Director of Finance makes the notification pursuant to § 99040 of the Government Code, in which case this section shall cease to be operative on July 1, 2012.
Terms Used In California Revenue and Taxation Code 6201.7
- Personal property: All property that is not real property.
(Added by Stats. 2009, 3rd Ex. Sess., Ch. 18, Sec. 3. Effective February 20, 2009. Inoperative on July 1, 2011, or July 1, 2013, as provided in subd. (b).)