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Calderon Drops Proposed Calif. Porn Tax from 25% to 8.3%

Calderon Drops Proposed Calif. Porn Tax from 25% to 8.3%
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Jun 24, 2008 3:30 PM PDT    Text size: 
SACRAMENTO, Calif. — Assemblyman Charles Calderon (D-City of Industry) has revised his tax proposal to tax the adult industry in California, dropping the rate from the previous 25 percent to 8.3 percent.

In the latest revisions, dated June 19, the bill now calls for an 8.3 percent tax on "gross receipts from the sale of qualified tangible personal property, as defined, of a qualified business whose gross receipts from the sale or rental of adult material exceed 50 percent of all gross receipts of the retail establishment."

When the bill was last presented to the Assembly Revenue and Tax Committee in May, it was not voted on and was placed in the committee's Suspense File.

The complete bill can be read here.

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