California Revenue and Taxation Code

§ 6376.1

RTC § 6376.1 Effective Jan 1, 2007Div. 2 · Part 1 · Ch. 4 · Art. 1

Statute text

(a)On and after July 15, 1991, there is exempted from the taxes imposed by this part an amount equal to an amount that is attributable to a 14 percent rate of tax with respect to the following:

(1)The gross receipts from the sale of and the storage, use, or other consumption in this state of the following:

(A)Tangible personal property if the seller is obligated to furnish or the purchaser is obligated to purchase, the property for a fixed price pursuant to a contract entered into prior to July 15, 1991.

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Legislative history

Amended by Stats. 2006, Ch. 538, Sec. 616. Effective January 1, 2007.