AB 755 — Sales and use taxes: exemption: small businesses: Los Angeles County transit projects.
Last action — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
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✓Introduced
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2In Committee
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3Passed Assembly
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 2015-2016 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Existing sales and use tax laws impose taxes on retailers measured by the gross receipts from the sale of tangible personal property sold at retail in this state, or on the storage, use, or other consumption in this state of tangible personal property purchased from a retailer for storage, use, or other consumption in this state, and provides various exemptions from the taxes imposed by those laws. Existing law creates the Los Angeles County Metropolitan Transportation Authority (LACMTA) with specified powers and duties relative to transportation planning, programming, and operations in the County Los Angeles. This bill would partially exempt from those taxes the gross receipts from the sale of, and the storage, use, or other consumption of, tangible personal property sold by, or purchased from, a retailer that is a small business, as defined, and whose property line abuts or faces the rail corridor or a designated construction staging or construction storage area of the Crenshaw/LAX Transit Corridor Light Rail Line, the Regional Connector Transit Corridor Light Rail Line, or the Westside Subway Extension Light Rail Line, as specified. The bill would require a small business to provide a written certification to the Board of Equalization that it has suffered a negative financial impact during construction of those rail lines in order to receive the partial exemption, as provided. The bill would also make related findings and declarations. This bill would require the LACMTA to notify the board of the date construction ends for each project. To the extent the bill would require the LACMTA to report to the board regarding the completion of construction, the bill would impose a state-mandated local program. The Bradley-Burns Uniform Local Sales and Use Tax Law authorizes counties and cities to impose local sales and use taxes in conformity with the Sales and Use Tax Law, and existing law authorizes districts, as specified, to impose transactions and use taxes in accordance with the Transactions and Use Tax Law, which conforms generally to the Sales and Use Tax Law. Exemptions from state sales and use taxes are incorporated into these laws. This bill would specify that this exemption does not apply to local sales and use taxes and transactions and use taxes. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason. This bill would take effect immediately as a tax levy. However, the provisions of this act shall become operative on January 1, 2016.
Bill Text
- Amended 05/13/15 - Amended Assembly Current pdf May 13, 2015
- Amended 04/14/15 - Amended Assembly pdf April 14, 2015
- Introduced 02/25/15 - Introduced pdf February 25, 2015
- AB755 View text html
Action History
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From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
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Died pursuant to Article IV, Sec. 10(c) of the Constitution.
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Retained in suspense file.
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Re-referred to Com. on REV. & TAX.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
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In committee: Set, second hearing. Referred to suspense file.
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Re-referred to Com. on REV. & TAX.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
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In committee: Set, first hearing. Hearing canceled at the request of author.
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Referred to Com. on REV. & TAX.
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From printer. May be heard in committee March 28.
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Read first time. To print.
Sponsors
- Ridley-Thomas · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on
Sponsors (1)
- Ridley-Thomas
Co-sponsors (0)
None.
Not signed on (121)
121 members have not signed on to this bill.
Show all 121 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does AB 755 do?
- Existing sales and use tax laws impose taxes on retailers measured by the gross receipts from the sale of tangible personal property sold at retail in this state, or on the storage, use, or other consumption in this state of tangible personal property purchased from a retailer for storage, use, or other consumption in this state, and provides various exemptions from the taxes imposed by those laws. Existing law creates the Los Angeles County Metropolitan Transportation Authority (LACMTA) with specified powers and duties relative to transportation planning, programming, and operations in the County Los Angeles. This bill would partially exempt from those taxes the gross receipts from the sale of, and the storage, use, or other consumption of, tangible personal property sold by, or purchased from, a retailer that is a small business, as defined, and whose property line abuts or faces the rail corridor or a designated construction staging or construction storage area of the Crenshaw/LAX Transit Corridor Light Rail Line, the Regional Connector Transit Corridor Light Rail Line, or the Westside Subway Extension Light Rail Line, as specified. The bill would require a small business to provide a written certification to the Board of Equalization that it has suffered a negative financial impact during construction of those rail lines in order to receive the partial exemption, as provided. The bill would also make related findings and declarations. This bill would require the LACMTA to notify the board of the date construction ends for each project. To the extent the bill would require the LACMTA to report to the board regarding the completion of construction, the bill would impose a state-mandated local program. The Bradley-Burns Uniform Local Sales and Use Tax Law authorizes counties and cities to impose local sales and use taxes in conformity with the Sales and Use Tax Law, and existing law authorizes districts, as specified, to impose transactions and use taxes in accordance with the Transactions and Use Tax Law, which conforms generally to the Sales and Use Tax Law. Exemptions from state sales and use taxes are incorporated into these laws. This bill would specify that this exemption does not apply to local sales and use taxes and transactions and use taxes. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason. This bill would take effect immediately as a tax levy. However, the provisions of this act shall become operative on January 1, 2016.
- Who sponsors AB 755?
- AB 755 is sponsored by Ridley-Thomas.
- What is the current status of AB 755?
- This bill died with 2015-2016 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track AB 755?
- Track AB 755 free on One Click Politics — get push/email alerts when it moves.
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