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, for reporting periods commencing on and after January 1, 2010, would revise the above requirements to instead provide that a qualified purchaser is subject to other related provisions governing returns and payments and would authorize the board, for the 2009 calendar year reporting period only, to grant a reasonable extension of time for filing a return when it determines that good cause exists pursuant to these provisions. 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.