California Revenue and Taxation Code

§ 47020

RTC § 47020 Effective Jun 30, 2022Div. 2 · Part 25 · Ch. 2

Statute text

(a)It is the intent of the Legislature that this part preempt provisions pertaining to the imposition of taxes by counties, municipalities, and districts to the extent that the provisions are inconsistent with this part.

(b)Except as provided in subdivision (c), the taxes imposed by this part are in lieu of all county, municipal, or district taxes on lithium extraction or lithium storage by producers.

(c)This section does not prohibit the application of Part 1 (commencing with Section 6001), Part 1.5 (commencing with Section 7200), or Part 1.6 (commencing with Section 7251) to the sale, storage, use, or other consumption of lithium.

Legislative history

Added by Stats. 2022, Ch. 63, Sec. 6. (SB 125) Effective June 30, 2022.