BlackletterCalifornia law

PART 25. Lithium Extraction Tax Law [47000. - 47115.]

Part 25 added by Stats. 2022, Ch. 63, Sec. 6.

§§ 47000–47115 · 12 sections

  1. CHAPTER 1. General Provisions and Definitions §§ 47000–47002 · 2 sections
    • § 47000 (a) This part shall be known, and may be cited, as the Lithium Extraction Tax Law. (b) The purpose of this part is to promote a robust California-based lithium…
    • § 47002 For purposes of this part, the following definitions apply: (a) “Department” means the California Department of Tax and Fee Administration. (b) “Extraction”…
  2. CHAPTER 2. The Lithium Extraction Excise Tax §§ 47010–47020 · 3 sections
    • § 47010 (a) Beginning January 1, 2023, a producer shall pay a lithium extraction excise tax upon each metric ton of lithium carbonate equivalent extracted from…
    • § 47015 For purposes of this part, the lithium and lithium compounds extracted shall be converted to lithium carbonate equivalent by multiplying the tonnage of lithium…
    • § 47020 (a) It is the intent of the Legislature that this part preempt provisions pertaining to the imposition of taxes by counties, municipalities, and districts to…
  3. CHAPTER 3. Administration §§ 47060–47100 · 5 sections
    • § 47060 The department shall administer and collect the taxes imposed by this part pursuant to the Fee Collection Procedures Law (Part 30 (commencing with Section…
    • § 47070 (a) The taxes imposed by this part shall be due and payable quarterly on or before the last day of the month following each calendar quarter. (b) The payments…
    • § 47080 (a) The department may prescribe, adopt, and enforce regulations relating to the administration and enforcement of this part, including, but not limited to,…
    • § 47090 (a) A producer subject to this part shall register for a permit with the department using electronic media and shall set forth the name under which it…
    • § 47100 All revenues collected pursuant to this part, less refunds and reimbursement to the department for expenses incurred in the administration and collection of…
  4. CHAPTER 4. Citizens Oversight Committee §§ 47110–47115 · 2 sections
    • § 47110 (a) The Lithium Extraction Tax Citizens Oversight Committee is hereby established within the department for the purposes of ensuring that revenues from the…
    • § 47115 (a) Subject to subdivision (b), the committee shall report to the Legislature on how the revenues from the collection of the lithium extraction excise tax were…