California Revenue and Taxation Code 6401 – The storage, use, or other consumption in this state of property, the …
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The storage, use, or other consumption in this state of property, the gross receipts from the sale of which the purchaser establishes to the satisfaction of the board were included in the measure of the sales tax, is exempted from the use tax; provided, however, that this exemption does not extend to the possession of, or the exercise of any right or power over, tangible personal property by a lessee under a lease.
(Amended by Stats. 1978, Ch. 1211.)
Terms Used In California Revenue and Taxation Code 6401
- board: means the California Department of Tax and Fee Administration. See California Revenue and Taxation Code 20
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.