California SB122 modifies sales and use tax rules for digital products and provides tax relief for first-year small businesses.

California SB122 introduces changes to the sales and use tax rules for digital products, defining terms like "digital product" and "transferred electronically." It exempts certain digital products from sales tax if used outside California or in interstate commerce. The bill also modifies sourcing rules for digital product sales and purchases. Additionally, SB122 provides tax relief for first-year small businesses by reducing their annual tax liability.

California SB122 modifies sales and use tax rules for digital products and provides tax relief for first-year small businesses.

California SB122 introduces changes to the sales and use tax rules for digital products, defining terms like "digital product" and "transferred electronically." It exempts certain digital products from sales tax if used outside California or in interstate commerce. The bill also modifies sourcing rules for digital product sales and purchases. Additionally, SB122 provides tax relief for first-year small businesses by reducing their annual tax liability.