California AB258 increases the allocation of gross receipts for sales and use tax to fairs from 0.75% to 2%.

California AB258 amends the Food and Agricultural Code to change the allocation of gross receipts for sales and use tax to fairs. It requires returns filed with the California Department of Tax and Fee Administration to segregate gross receipts when sales occur on fair property. The bill increases the percentage of gross receipts included in the Governor's Budget for allocation to fairs from 0.75% to 2%. The funds are transferred to the Fair and Exposition Fund and can only be allocated to fairs if nonmanagement employees meet certain working conditions.

California AB258 increases the allocation of gross receipts for sales and use tax to fairs from 0.75% to 2%.

California AB258 amends the Food and Agricultural Code to change the allocation of gross receipts for sales and use tax to fairs. It requires returns filed with the California Department of Tax and Fee Administration to segregate gross receipts when sales occur on fair property. The bill increases the percentage of gross receipts included in the Governor's Budget for allocation to fairs from 0.75% to 2%. The funds are transferred to the Fair and Exposition Fund and can only be allocated to fairs if nonmanagement employees meet certain working conditions.