Sales and use taxes: gross receipts: definition.

The Sales and Use Tax Law imposes a sales tax on retailers measured by the gross receipts from the sale of tangible personal property sold at retail in this state, or a use tax, measured by the sales price, on the storage, use, or other consumption in this state of tangible personal property purchased from a retailer for storage, use, or other consumption in this state. That law defines the term "gross receipts." This bill would make a technical, nonsubstantive change to the definition of the term "gross receipts."