Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales And Use Tax Law

ANALYSIS OF THE CALIFORNIA SALES AND USE TAX LAW

Disposition of proceeds.

All collections are deposited in the State Treasury to the credit of the Retail Sales Tax Fund. After allowance of refunds for any erroneous collections and payments, certain revenues are transferred to the State Transportation Fund, the Local Revenue Fund, and the Local Public Safety Fund. The balance is transferred to the General Fund to be expended for the support of the state government and the public school system.