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AB-258 • 2026

Fairs: allocation of revenues: gross receipts for sales and use tax.

Fairs: allocation of revenues: gross receipts for sales and use tax.

Agriculture Budget Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Connolly
Last action
Official status
Chaptered
Effective date
Not listed

Plain English Breakdown

The provided official text does not include an effective date or specific start year for the new rate, only that it applies to the 'next annual Governor's Budget'.

AB-258: Changing How Sales Tax Revenue is Shared with Fairs

This law increases the percentage of sales tax revenue from fairs that goes into a special fund to support fair operations.

What This Bill Does

  • Increases the share of total gross receipts included in the Governor's Budget for use by the Department of Food and Agriculture from three-fourths of one percent (0.75%) to two percent (2%).
  • Requires that these increased funds be transferred by the Controller to the Fair and Exposition Fund.
  • Maintains existing requirements for sellers at fairs to list their total sales separately on state tax forms.

Who It Names or Affects

  • Sellers who make sales on fair property or leased fair land in California.
  • The Department of Food and Agriculture, which receives the funds for allocation to fairs.
  • The Fair and Exposition Fund, which receives increased revenue transfers.

Terms To Know

Gross receipts
The total amount of money a seller collects from sales that must be reported on tax returns for fairs.
Fair and Exposition Fund
A state account where funds are transferred to support fairs in California.

Limits and Unknowns

  • The official text does not specify the exact dollar amount of revenue this change will generate.
  • The effective date for when the new percentage rate begins is not listed in the provided summary or digest.

Bill History

  1. California Legislative Information

    Chaptered

Official Summary Text

Fairs: allocation of revenues: gross receipts for sales and use tax.