California Revenue and Taxation Code

§ 6376.2

RTC § 6376.2 Effective Jun 30, 1993Div. 2 · Part 1 · Ch. 4 · Art. 1

Statute text

From July 1, 1993, to the date on which the taxes imposed by Sections 6051.6 and 6201.6 cease to be operative, there are exempted from the taxes imposed by this part an amount equal to an amount that is attributable to a 12 percent rate of tax with respect to the following:

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

(1)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 1, 1993.

…

Legislative history

Added by Stats. 1993, Ch. 73, Sec. 5. Effective June 30, 1993.