SALT Report 3208 – As a result of Assembly Bill 93, Senate Bill 90 and Revenue and Taxation Code Section 6377.1 a partial manufacturing exemption applies to qualifying sales and purchases made on or after July 1, 2014 and before July 1, 2022 (See SALT Report 2712 for history). The Board of Equalization is currently engaging in the rule making process and has issued two discussion papers to date; one on September 27, 2013 and the second on November 13, 2013.
The next interested party meeting for the partial manufacturing exemption effective July 1, 2014 is scheduled for February 18, 2014. Interested parties should provide responses by 2/28/14. The Business Tax Committee is expected to meet on this issue on April 22, 2014.
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