Existing sales and use tax laws impose a tax 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.
This bill would reduce the rate of tax imposed by the Sales and Use Tax Law on and after January 1, 2024, and before January 1, 2025, by 1%.
This bill would take effect immediately as a tax levy.

Statutes affected:
AB1724: 19334 RTC
02/17/23 - Introduced: 19334 RTC
03/16/23 - Amended Assembly: 6051 RTC, 6201 RTC, 19334 RTC
AB 1724: 19334 RTC