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CA Sales and Use tax

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    CA Sales and Use tax

    Artical received from Moss Adams:

    Effective July 1, 2014, equipment acquired for use in manufacturing or research and development could be partially exempt from California's sales and use tax under a new exemption that was recently signed into law by Governor Brown as part of Assembly Bill 93 and Senate Bill 90. Tax-exempt property could include machinery and equipment; equipment and devices used or required to operate, control, regulate, or maintain the machinery; pollution control items; and certain special purpose buildings and foundations. To qualify for the exemption, the property must be used 50 percent or more in one of the following activities:
    • Manufacturing, processing, refining, fabricating, or recycling tangible personal property
    • Researching and developing
    • Maintaining, repairing, measuring, or testing any qualified property
    Confucius say:
    He who sits on tack is better off.
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