Cal. Rev. & Tax. Code § 60503.1

Current through the 2023 Legislative Session.

Section 60503.1 - Liability for payment of tax if purchaser gives exemption certificate to ultimate vendor and sells or uses diesel fuel in other manner

If a purchaser gives a Section 60503 exemption certificate to an ultimate vendor to the effect that the diesel fuel purchased will be used on a farm for farming purposes or in an exempt bus operation, and sells the diesel fuel or uses the diesel fuel in some other manner or for some other purpose, the purchaser will be liable for payment of the tax under Chapter 2 (commencing with Section 60050) of this part. The tax, applicable penalties, and interest shall become due and payable and shall be ascertained and determined in the same manner as the backup tax under Section 60361.5.

Ca. Rev. and Tax. Code § 60503.1

Amended by Stats 2001 ch 429 (AB 309), s 73, eff. 10/2/2001.