(a) A business assessment pursuant to this part is a fee imposed by a government on the transaction for purposes of paragraph (29) of subdivision (a) of § 1770 of the Civil Code.

(b) This section shall become operative on July 1, 2024.

(Added by Stats. 2023, Ch. 400, Sec. 9. (SB 478) Effective January 1, 2024. Operative July 1, 2024, by its own provisions.)