Summary
Two years ago, the California Legislature enacted an onerous law requiring business owners dubbed "qualified purchasers" to register with the state Board of Equalization for the purpose of reporting "use tax." Like many bad laws, this one was cooked up in an attempt to help balance the state's budget. As you might suspect, it hasn't worked.
I was serving as a senator at the time and voted against this legislation. Now, as an elected member of the Board of Equalization, I'm seeing firsthand the mess this law has created.See the full content of this document
Extract
New Law Creates a Qualified Mess
The Qualified Purchaser Program was supposed to bring in $200 million in new revenue during its first two years; so far, it has yielded only a fraction of that total, barely covering related expenses...
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