Relating to: the sales and use tax exemption for personal farm property or household goods sold by auction on the Internet. (FE)

AB 712 clarifies the sales tax exemption for personal farm property or household goods sold at auctions online. It defines an "auction event" for internet sales as the consecutive days winning bids are selected (not just when property is available), while maintaining a limit of five or fewer such auctions per year by the same auctioneer at one location. This primarily affects small-scale auctioneers selling personal items online, ensuring they meet the exemption criteria. The bill updates definitions to explicitly include internet bidding periods without changing the exemption's core eligibility rules.