Cal. Code Regs. tit. 10 § 5480

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 5480 - Rural Investment Tax Exemption

The California Infrastructure and Economic Development Bank (CIEDB) Board determines who is eligible to receive a Partial Exemption from sales or use taxes imposed on the gross receipts from the sale of and the storage, use or other consumption in this state of Eligible Tangible Personal Property and monitors eligible entities for compliance with the requirements of the Partial Exemption.

Cal. Code Regs. Tit. 10, § 5480

1. New chapter 7.72 (sections 5480-5480.8) and section filed 8-15-2002; operative 9-14-2002 (Register 2002, No. 33).

Note: Authority cited: Section 11152, Government Code; and Section 6378.1, Revenue and Taxation Code. Reference: Section 6378.1, Revenue and Taxation Code.

1. New chapter 7.72 (sections 5480-5480.8) and section filed 8-15-2002; operative 9-14-2002 (Register 2002, No. 33).