§ 5480. Rural Investment Tax Exemption.

Latest version.

The California Infrastructure and Economic Development Bank (CIEDB) Board determines who is eligible to receive a Partial Exemption from sales or use taxes imposed on the gross receipts from the sale of and the storage, use or other consumption in this state of Eligible Tangible Personal Property and monitors eligible entities for compliance with the requirements of the Partial Exemption.

HISTORY

1. New chapter 7.72 (sections 5480-5480.8) and section filed 8-15-2002; operative 9-14-2002 (Register 2002, No. 33).

Note

Note: Authority cited: Section 11152, Government Code; and Section 6378.1, Revenue and Taxation Code. Reference: Section 6378.1, Revenue and Taxation Code.

                    
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