California Public Resources Code

§ 4629.5

PRC § 4629.5 Effective Jan 1, 2015Div. 4 · Part 2 · Ch. 8 · Art. 9.5

Statute text

(a)(1) There is hereby imposed an assessment on a person who purchases a lumber product or an engineered wood product for storage, use, or other consumption in this state, at the rate of 1 percent of the sales price.

(2)A retailer shall charge the person the amount of the assessment as a charge that is separate from, and not included in, any other fee, charge, or other amount paid by the purchaser.

(3)The retailer shall collect the assessment from the person at the time of sale, and may retain reimbursement pursuant to Sections 2000 and 2001 of Title 18 of the California Code of Regulations, as approved by the State Board of Equalization at its September 10, 2013, meeting, for startup costs associated with the collection of the assessment, to be taken on the first return or next consecutive returns until the entire reimbursement amount is retained.

…

Legislative history

Amended by Stats. 2014, Ch. 810, Sec. 1. (AB 2031) Effective January 1, 2015.