Suspends from July 1, 2015, through June 30, 2016, certain exclusions, exemptions, deductions, or credits against the corporation income tax and the corporation franchise tax.
Provides for a swap of refundable tax credits by establishing a system to terminate certain existing exemptions, exclusions, deductions, and credits to fund refundable credits for donations to higher education and health care. (7/1/15)
Provides for the collection of sales and use tax imposed on the purchase of motor vehicles by certain foreign business entities (EN INCREASE GF RV See Note)
Constitutional amendment to exempt from ad valorem property taxes inventory held by manufacturers, distributors, and retailers if the taxing authority accepts a payment in lieu of the property taxes which would otherwise be due on such inventory as may be provided by law for such purpose. (2/3-CA13s1(A))(1/1/16) (OR SEE FISC NOTE LF RV)
Constitutional amendment to exempt from ad valorem property taxes inventory held by manufacturers, distributors, and retailers, to be submitted to electors of the state if a certain law is enacted. (2/3-CA13s1(A))(1/1/16)
Authorizes taxing authorities to decline to collect property tax on inventory held by manufacturers, distributors, and retailers if the taxing authority accepts a payment provided by law in lieu of the ad valorem taxes. (1/1/16)