California: A Perk for Lumber Retailers
- Jan 7, 2014 | Gail Cole
A 1% sales tax on certain lumber and wood products has been levied in California since January 2013. Eligible retailers in 2013 were allowed to keep $250 of the collected tax (per location) to offset reporting start-up costs.
Effective January 1, 2014, eligible lumber retailers collecting that 1% tax “may retain an additional $485 per business location as reimbursement for their start-up costs.”
Additional information is listed on the California State Board of Equalization Special Notice to Lumber Retailers.
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