Section 6368.8 - [Effective until 1/1/2025] Exemptions for purchases by the City of Santa Monica(a) On or after the effective date of the act adding this section, there are exempted from the taxes imposed by this part the gross receipts from the sale in this state of, and the storage, use, or other consumption in this state of, qualified tangible personal property purchased by the City of Santa Monica.(b) For purposes of this section, "qualified tangible personal property" means the 500 bicycles purchased by the City of Santa Monica in calendar year 2015.(c) This section shall remain in effect only until January 1, 2025, and as of that date is repealed.Ca. Rev. and Tax. Code § 6368.8
Added by Stats 2018 ch 397 (AB 2938),s 1, eff. 9/14/2018.