SB 1261

  • California Senate Bill
  • 2023-2024 Regular Session
  • Introduced in Senate Feb 15, 2024
  • Passed Senate May 21, 2024
  • Assembly
  • Governor

Horse racing: state-designated fairs: allocation of revenues: gross receipts for sales and use tax.

Abstract

Existing law requires a tax return filed with the California Department of Tax and Fee Administration (CDTFA) that reports gross receipts for sales and use tax purposes to segregate the gross receipts of the seller and the sales price of the property on a line or a separate form when the place of sale in this state or for use in this state is on or within the real property of a state-designated fair, as defined, or any real property of a state-designated fair that is leased to another party. Existing law requires, on or before November 1 of each year, the CDTFA to report to the Department of Finance the amount of the total gross receipts segregated on these tax returns for the prior fiscal year, and that 34 of 1% of the total gross receipts be included in the next annual Governor's Budget for use by the Department of Food and Agriculture for allocation to fairs and that those funds be transferred by the Controller to the Fair and Exposition Fund, which is continuously appropriated, as prescribed. This bill would instead increase the amount of the total gross receipts required to be included in the next annual Governor's Budget for use by the Department of Food and Agriculture and transferred to the Fair and Exposition Fund, as specified, from 34 of 1% to 3%. The bill would make other nonsubstantive changes regarding appropriations to the department for fairs.

Bill Sponsors (5)

Votes


Actions


Aug 15, 2024

Assembly

August 15 hearing: Held in committee and under submission.

Aug 07, 2024

Assembly

August 7 set for first hearing. Placed on suspense file.

Jul 02, 2024

Assembly

From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (July 1). Re-referred to Com. on APPR.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on APPR.

Jun 24, 2024

Assembly

June 24 set for first hearing. Placed on suspense file.

Jun 03, 2024

Assembly

Referred to Com. on REV. & TAX.

  • Referral-Committee
Com. on REV. & TAX.

May 22, 2024

Assembly

In Assembly. Read first time. Held at Desk.

May 21, 2024

Senate

Read third time. Passed. (Ayes 37. Noes 0. Page 4101.) Ordered to the Assembly.

May 20, 2024

Senate

Read second time. Ordered to third reading.

May 16, 2024

Senate

From committee: Do pass as amended. (Ayes 7. Noes 0. Page 3977.) (May 16).

Senate

Read second time and amended. Ordered to second reading.

May 10, 2024

Senate

Set for hearing May 16.

Apr 22, 2024

Senate

April 22 hearing: Placed on APPR suspense file.

Apr 12, 2024

Senate

Set for hearing April 22.

Apr 10, 2024

Senate

From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 3564.) (April 10). Re-referred to Com. on APPR.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on APPR.

Apr 01, 2024

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.

  • Amendment-Passage
  • Committee-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on REV. & TAX.

Mar 19, 2024

Senate

Set for hearing April 10.

Feb 29, 2024

Senate

Referred to Com. on REV. & TAX.

  • Referral-Committee
Com. on REV. & TAX.

Feb 16, 2024

Senate

From printer. May be acted upon on or after March 17.

Feb 15, 2024

Senate

Introduced. Read first time. To Com. on RLS. for assignment. To print.

Bill Text

Bill Text Versions Format
SB1261 HTML
02/15/24 - Introduced PDF
04/01/24 - Amended Senate PDF
05/16/24 - Amended Senate PDF

Related Documents

Document Format
04/05/24- Senate Revenue and Taxation PDF
04/19/24- Senate Appropriations PDF
05/16/24- Senate Appropriations PDF
05/20/24- Sen. Floor Analyses PDF
06/21/24- Assembly Revenue and Taxation PDF
06/28/24- Assembly Revenue and Taxation PDF
08/05/24- Assembly Appropriations PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the California State Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.