Sales and use taxes: use tax administration.

The Sales and Use Tax Law imposes a tax on the gross receipts from the sale in this state of, or the storage, use, or other consumption in this state of, tangible personal property. In order to facilitate the collection of the use tax, a qualified purchaser, as defined, is required to register with the State Board of Equalization and to report and pay by April 15 the use tax owed for the previous calendar year, as provided. This bill would instead require a purchaser that is subject to the tax imposed by the Personal Income Tax Law to file a return for use tax by April 15, following the close of the calendar year, and to file a return made on the basis of a fiscal year by the 15th day of the 4th month following the close of the fiscal year. The bill would require a purchaser that is subject to the tax imposed by the Corporation Tax Law to file a return for use tax by March 15, following the close of the calendar year, and to file a return filed on the basis of the fiscal year by the 15th day of the 3rd month following the close of the fiscal year. The bill would authorize the board to grant a reasonable extension of time for filing a return under those provisions, as specified, and would delay the imposition of any authorized penalties for taxpayers subject to those requirements until on or after March 16, 2011. The bill would declare that its provisions and retroactive application serve a public purpose, as specified. This bill would declare that it is to take effect immediately as an urgency statute.