California Revenue and Taxation Code

§ 47002

RTC § 47002 Effective Jan 1, 2024Div. 2 · Part 25 · Ch. 1

Statute text

For purposes of this part, the following definitions apply:

(a)“Department” means the California Department of Tax and Fee Administration.

(b)“Extraction” means the process of removing lithium from geothermal fluid, spodumene ore, rock, minerals, clay, or any other naturally occurring substance by a physical or chemical process.

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Legislative history

Amended by Stats. 2023, Ch. 506, Sec. 2. (SB 797) Effective January 1, 2024.