California Revenue and Taxation Code 6007.5 – A sale of tangible personal property to a contractor or subcontractor …
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A sale of tangible personal property to a contractor or subcontractor for use in the performance of contracts with the United States for the construction of improvements on or to real property in this State is a retail sale. The gross receipts from such a sale or the sales price of property so sold shall be included in the measure of the taxes imposed by this part.
(Added by Stats. 1955, Ch. 795.)
Terms Used In California Revenue and Taxation Code 6007.5
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.