- The proposed amendments to California’s sales and use tax regulations aim to clarify the taxation of software transactions, especially those involving Technology Transfer Agreements (TTAs). The changes seek to define key terms, establish clear presumptions, and provide simplified methods for determining the taxable value of tangible personal property in software transactions. The goal is to ensure consistent and fair tax application, reduce disputes, and align regulations with legal precedents. Taxpayers should remain diligent in understanding the evolving legal landscape as it applies to software sold with hardware in California.
Source: jdsupra.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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