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HomeMy WebLinkAboutAB 1523 - Tax Levies CITY OF PALM DESERT COMMUNITY SERVICES DEPARTMENT STAFF REPORT REQUEST: CONSIDERATION OF LEGISLATIVE REVIEW COMMITTEE ACTION ON AB 1523 (C. CALDERON)AT ITS MEETING OF MARCH 24, 2009. DATE: April 9, 2009 CONTENTS: AB1523 Language RECOMMENDATION: By Minute Motion, concur with the action taken by the Legislative Review Committee at its meeting of March 24, 2009, and direct staff to prepare a letter of opposition for the Mayor's signature with regard to AB 1523 (C. Calderon) relative to tax levies. BACKGROUND: Existing law imposes a sales and use tax for the storage, use and other consumption of personal property of tangible personal property in this State at a rate of 6 %% of the gross receipts. If passed, AB 1523 would, during the period of the 1% sales and use tax increase above the rate of 6'/%, exclude from that 1%tax rate hike the gross receipts that are subject to a fixed price pursuant to a contract entered into prior to the operative date of the tax increase. The City of Palm Desert opposes any bill which would remove funds that are used to provide services and facilities for its residents and guests. Therefore the Legislative Review Committee recommends that the City Council oppose AB 1523 and direct staff to prepare a letter stating that position to appropriate legislators and committees for the Mayor's signature. PATRICIA SCULLY, CFE P L GIBSON SENIOR MANAGEMENT ALYST DIRECTOR OF FINANCE/CITY TREASURER � r HEILA R. N M. WOHLMUTH ACM/COMMUNITY SER ES CI Y MANAGER CITY COUNCILACTtON APPk20VG,D 1,L DF,Ntt?D R[:CCIVI:D OTHER MF,ETI G DATE AYES: � � NOF,S: _1�"Y�i�r � A13SENT: l��an F. AI3STA(N:�i��1 F'� VF,RIFIF,D I3Y: Original on File with City Cler 's Of�ce � State Net Bill Text � ..� � Page 1 of 4 � In bill text the following has special meaning underline denotes added text -�- - � �---_�__ .�_,_�_� �--- 2009 CA A 1523 AUTHOR: Calderon C VERSION: Introduced VERSION DATE: 02/27/2009 ASSEMBLY BILL No. 1523 INTRODUCED BY Assembly Member Charles Calderon FEBRUARY 27, 2009 An act to add Section 6376.3 to the Revenue and Taxation Code, relating to taxation, to take effect immediately,tax levy. LEGISLATIVE COUNSEL'S DIGEST AB 1523, as introduced, Charles Calderon. Sales and use taxes: exemption: fixed price contract. Existing law imposes a state sales and use tax on retailers and on the storage, use, or other consumption of tangible personal property in this state at the rate of 61/4% of the gross receipts from the retail sale of tangible personal property in this state and of the sales price of tangible personal property purchased from any retailer for storage, use, or other consumption in this state. This bill would, during the period of a 1% sales and use tax increase above the rate of 61/4%, exclude from that 1%rate of tax, the gross receipts from certain sales and uses of tangible personal property that are subject to a fixed price pursuant to a contract entered into prior to the operative date of the sales and use tax increase. Counties and cities are authorized to impose local sales and use taxes in conformity with state sales and use taxes. Exemptions from state sales and use taxes enacted by the Legislature are incorporated into the local taxes. Section 2230 of the Revenue and Taxation Code provides that the state will reimburse counties and cities for revenue losses caused by the enactment of sales and use tax exemptions. This bill would provide that, notwithstanding Section 2230 of the Revenue and Taxation Code, no appropriation is made and the state shall not reimburse local agencies for sales and use tax revenues lost by them pursuant to this bill. This bill would take effect immediately as a tax levy. http://client.statenet.com/secure/pe/ts.cgi?mode=fetch&text_version=CA2009000A 1523_2... 2/28/2009 State Net Bill Text Page 2 of 4 .+ Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: yes. AB 1523, as introduced, Charles Calderon. Sales and use taxes: exemption: fixed price contract. Existing law imposes a state sales and use tax on retailers and on the storage, use, or other consumption of tangible personal property in this state at the rate of 61/4% of the gross receipts from the retail sale of tangible personal property in this state and of the sales price of tangible personal property purchased from any retailer for storage, use, or other consumption in this state. This bill would, during the period of a 1% sales and use tax increase above the rate of 61/4%, exclude from that 1%rate of tax, the gross receipts from certain sales and uses of tangible personal property that are subject to a fixed price pursuant to a contract entered into prior to the operative date of the sales and use tax increase. Counties and cities are authorized to impose local sales and use taxes in conformity with state sales and use taxes. Exemptions from state sales and use taxes enacted by the Legislature are incorporated into the local taxes. Section 2230 of the Revenue and T�ation Code provides that the state will reimburse counties and cities for revenue losses caused by the enactment of sales and use tax exemptions. This bill would provide that, notwithstanding Section 2230 of the Revenue and T�ation Code,no appropriation is made and the state shall not reimburse local agencies for sales and use tax revenues lost by them pursuant to this bill. This bill would take effect immediately as a tax levy. Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: yes. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 6376.3 is added to the Revenue and Taxation Code, to read: 6376.3. From the operative date of the act adding Sections 6051.7 and 6201.7, to the date on which the taxes imposed by Sections 6051.7 and 6201.7 cease to be operative,there is exempted from the taxes imposed by this part an amount equal to an amount that is attributable to a 1 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 the operative date of the act adding Sections 6051.7 and 6201.7. (2) Materials and fixtures obligated pursuant to an engineering construction contract or a building construction contract entered into for a fixed price prior to the operative date of the act adding Sections 6051.7 and 6201.7. For purposes of this subdivision, tangible personal property shall not be deemed obligated pursuant to a contract for any period of time for which any party to the contract has the right to terminate the http://client.statenet.com/secure/pe/ts.cgi?mode=fetch&text version=CA2009000A1523 2... 2/28/2009 ., State Net Bill Text Page 3 of 4 contract upon notice, whether or not the right is exercised. (b)A lease of tangible personal properiy that is a continuing sale of the property for any period of time for which the lessor is obligated to lease the property for an amount fixed by the lease prior to the operative date of the act adding Sections 6051.7 and 6201.7. For purposes of this subdivision,the sale or lease of tangible personal properiy shall be deemed not to be obligated pursuant to a contract or lease for any period of time for which any party to the contract or lease has the unconditional right to terminate the contract or lease upon notice, whether or not that right is exercised. (c) The possession of, or the exercise of, any right or power over tangible personal property pursuant to a lease that is a continuing purchase of the property for any period of time for which the lessee is obligated to lease the property for an amount fixed by a lease entered into prior to the operative date of the act adding Sections 6051.7 and 6201.7. For purposes of this subdivision, the storage, use, or other consumption of, or possession of, or exercise of any right or�ower over, tangible personal property shall be deemed not to be obligated pursuant to a contract or lease for any period of time for which any party to the contract or lease has the unconditional right to terminate the contract or lease upon notice, whether or not the right is exercised. SEC. 2. Notwithstanding Section 2230 of the Revenue and Taxation Code, no appropriation is made by this act and the state shall not reimburse any local agency for any sales and use tax revenues lost by it under this act. SEC. 3. This act provides for a tax levy within the meaning of Article IV of the Constitution and shall go into immediate effect. SECTION 1. Section 6376.3 is added to the Revenue and Taxation Code, to read: 6376.3. From the operative date of the act adding Sections 6051.7 and 6201.7, to the date on which the t�es imposed by Sections 6051.7 and 6201.7 cease to be operative, there is exempted from the taxes imposed by this part an amount equal to an amount that is attributable to a 1 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 the operative date of the act adding Sections 6051.7 and 6201.7. (2) Materials and fixtures obligated pursuant to an engineering construction contract or a building construction contract entered into for a fixed price prior to the operative date of the act adding Sections 6051.7 and 6201.7. For purposes of this subdivision, tangible personal property shall not be deemed obligated pursuant to a contract for any period of time for which any party to the contract has the right to terminate the contract upon notice, whether or not the right is exercised. (b) A lease of tangible personal property that is a continuing sale of the property for any period of time for which the lessor is obligated to lease the property for an amount fixed by the lease prior to the http://client.statenet.com/secure/pe/ts.cgi?mode=fetch&text version=CA2009000A1523 2... 2/28/2009 State Net Bill Text Page 4 of 4 ., operative date of the act adding Sections 6051.7 and 6201.7. For purposes of this subdivision, the sale or lease of tangible personal property shall be deemed not to be obligated pursuant to a contract or lease for any period of time for which any party to the contract or lease has the unconditional right to terminate the contract or lease upon notice, whether or not that right is exercised. (c) The possession of, or the exercise of, any right or power over tangible personal property pursuant to a lease that is a continuing purchase of the property for any period of time for which the lessee is obligated to lease the property for an amount fixed by a lease entered into prior to the operative date of the act adding Sections 6051.7 and 6201.7. For purposes of this subdivision, the storage, use, or other consumption of, or possession of, or exercise of any right or power over, tangible personal property shall be deemed not to be obligated pursuant to a contract or lease for any period of time for which any party to the contract or lease has the unconditional right to terminate the contract or lease upon notice, whether or not the right is exercised. SEC. 2. Notwithstanding Section 2230 of the Revenue and Taxation Code, no appropriation is made by this act and the state shall not reimburse any local agency for any sales and use tax revenues lost by it under this act. SEC. 3. This act provides for a tax levy within the meaning of Article IV of the Constitution and shall go into immediate effect. Copyright 2009 State Net.All Rights Reser ved. � http://client.statenet.com/secure/pe/ts.cgi?mode=fetch&text_version=CA2009000A 1523_2... 2/28/2009