Partial Sales and Use Tax Exemption for Manufacturing and Research & Development Equipment (PSTE)
California
Eligibility?
Indirectly Eligible
Overview
California
Incentive Type
Partial Sales and Use Tax Exemption for Manufacturing and Research & Development Equipment (PSTE)
Benefit Type
Tax Incentive
Effective Date
July 1, 2014 at 8:00:00 AM
Official Identifier
June 30, 2030 at 8:00:00 AM
State
Incentive Details
Incentive Description
Provides a partial exemption from the state portion of California sales and use tax for qualified machinery, equipment, and other tangible personal property purchased or leased for use primarily in qualifying manufacturing, research and development, or electric power generation, production, storage, or distribution activities. The exemption does not apply to local or district sales taxes.
Key Provisions
• Property must be used primarily (50% or more) in qualifying manufacturing, R&D, or electric power generation / production / storage / distribution activties
• Does not exempt local or district sales taxes
Benefit Type
Program authorized through June 30, 2030.