(a) On or after the effective date of the act adding this section, there are exempted from the taxes imposed by this part the gross receipts from the sale in this state of, and the storage, use, or other consumption in this state of, qualified tangible personal property purchased by the City of Santa Monica.

(b) For purposes of this section, “qualified tangible personal property” means the 500 bicycles purchased by the City of Santa Monica in calendar year 2015.

Terms Used In California Revenue and Taxation Code 6368.8

  • City: includes incorporated city, city and county, municipal corporation, municipality, town, and incorporated town. See California Revenue and Taxation Code 14
  • Exempted from the taxes imposed by this part: as used in this article , means, in case of the sales tax, exempted from the computation of the amount of tax imposed. See California Revenue and Taxation Code 6351
  • Personal property: All property that is not real property.

(c) This section shall remain in effect only until January 1, 2025, and as of that date is repealed.

(Added by Stats. 2018, Ch. 397, Sec. 1. (AB 2938) Effective September 14, 2018. Repealed as of January 1, 2025, by its own provisions.)

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