AB 2641 CA

0likes☆Favorite🔕SubscribeShare

Became Law

Existing state sales and use tax laws impose a tax on retailers measured by the gross receipts from the sale of tangible personal property sold at retail in this state, or 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. Existing law defines "sale" and "purchase" for these purposes and provides certain exclusions from those definitions. Existing law, until January 1, 2027, excludes the transfer of vested property by a pawnbroker to a person who pledged the property to the pawnbroker as security for a loan, if specified requirements are met, from the definition of "sale" and "purchase," thus excluding that transfer from imposition of sales and use tax. This bill would extend the exclusion of the transfer of vested property by a pawnbroker to the person who pledged it, as described above, until January 1, 2032. Existing law requires a bill authorizing a sales and use tax exemption to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements. This bill would include that additional information required for the above sales and use tax exclusion. The Bradley-Burns Uniform Local Sales and Use Tax Law authorizes counties and cities to impose local sales and use taxes in conformity with the Sales and Use Tax Law, and existing laws authorize districts, as specified, to impose transactions and use taxes in accordance with the Transactions and Use Tax Law, which generally conforms to the Sales and Use Tax Law. Amendments to the Sales and Use Tax Law are automatically incorporated into the local tax laws. Existing law requires the state to reimburse counties and cities for revenue losses caused by the enactment of sales and use tax exemptions. This bill would provide that, notwithstanding Section 2230 of the Revenue and Taxation Code, no appropriation is made and the state shall not reimburse any local agencies for sales and use tax revenues lost by them pursuant to this bill. This bill would take effect immediately as a tax levy.

• Michelle Rodriguez Democratic · author

1. Feb 20, 2026 Read first time. To print. · lower
2. Feb 21, 2026 From printer. May be heard in committee March 23. · lower
3. Mar 16, 2026 Referred to Com. on REV. & TAX. · lower
4. Mar 16, 2026 From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended. · lower
5. Mar 17, 2026 Re-referred to Com. on REV. & TAX. · lower
6. Apr 20, 2026 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (April 13). · lower
7. Apr 21, 2026 Read second time and amended. · lower
8. Apr 22, 2026 Re-referred to Com. on APPR. · lower
9. May 13, 2026 From committee: Do pass. (Ayes 15. Noes 0.) (May 13). · lower
10. May 14, 2026 Read second time. Ordered to third reading. · lower
11. May 18, 2026 Read third time. Passed. Ordered to the Senate. (Ayes 72. Noes 0. Page 5137.) · lower
12. May 18, 2026 In Senate. Read first time. To Com. on RLS. for assignment. · upper
13. May 27, 2026 Referred to Com. on REV. & TAX. · upper
14. Jun 10, 2026 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (June 10). Re-referred to Com. on APPR. · upper
15. Jun 22, 2026 From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. · upper
16. Jun 23, 2026 Read second time. Ordered to Consent Calendar. · upper
17. Jun 25, 2026 Read third time. Passed. Ordered to the Assembly. (Ayes 36. Noes 0.). · upper
18. Jun 25, 2026 In Assembly. Ordered to Engrossing and Enrolling. · lower
19. Jul 2, 2026 Enrolled and presented to the Governor at 3 p.m. · legislature
20. Jul 13, 2026 Approved by the Governor. · legislature
21. Jul 13, 2026 Chaptered by Secretary of State - Chapter 76, Statutes of 2026. · legislature