TAXES SALES AND USE TAX T-182-73 ACCOUNTING MANUAL Page 1 TL 95 6 …

Short Description
ACCOUNTING MANUAL. Page 7. TL 89. 3/31/03. 2. Tax Not Imposed. 2. a. Retail Purchase …… Historical note: Original Accounting Manual chapter first …

Website: www.ucop.edu | Filesize: 191kb

Content
TAXES: SALES AND USE TAX
T-182-73
ACCOUNTING MANUAL Page 1
TL 95 6/30/06
TAXES: SALES AND USE TAX
Contents
Page
I. Introduction 2
II. Definitions 3
III. State Sales and Use Tax Law 3
A. Introduction 3
B. Sales Tax 4
C. Use Tax 6
D. Exempt Sales and Purchases 11
E. Leases 16
F. Bad Debts 18
G. Credit for Tax Paid to Another Jurisdiction 19
H. Permits and Tax Returns 19
IV. Uniform Local Sales and Use Tax Law 21
V. Transactions and Use Tax Law 22
VI. Electronic Waste Recycling Fee 23
A. Introduction 23
B. Incidence 23
C. Sales for Resale and Shipments Out of State 23
VII. Controller’s Responsibilities 23
VIII. References 24TAXES: SALES AND USE TAX
T-182-73
ACCOUNTING MANUAL Page 2
TL 89 3/31/03
TAXES: SALES AND USE TAX
I. INTRODUCTION
The University, like other state agencies and local
governmental agencies, is subject to state-administered
sales and use tax laws to the same extent as private
individuals or businesses (6005)1. This chapter provides a
summary of these laws and an interpretation of how they
affect the University.
In California, sales and use tax has both a statewide
component and a local component, as described in sections
III and IV below. In addition to state, local, and county
taxes, transaction taxes may be imposed at the district
level, as described in section V.
The California State Board of Equalization (Board) is
charged with administering the sales and use tax law,
including the collection of all amounts of tax required to
be paid to the state.
The University may also be subject to sales and use taxes in
other states. The campus Controller may need to consult the
laws and regulations of other states if a campus has out-ofstate
transactions, since these laws are not covered in this
chapter.
The University of California…