<p>California Governor Vetoes Sales Tax Exemption for Items Bought Back From Pawnbrokers</p>

California Governor Vetoes Sales Tax Exemption for Items Bought Back From Pawnbrokers

California Gov. Jerry Brown (D) vetoed a bill that would have created a sales tax exemption for those who buy back pledged property from pawnbrokers after defaulting on a loan, explaining that the state budget's unexpected costs and provision of new services requires comprehensive consideration of any new sales tax exemptions.

AB 2365 as enrolled <a href="//s3.amazonaws.com/pdfs.taxnotes.com/2016/2016-17532-1.pdf" title="PDF: 2016-17532"><img src="//s3.amazonaws.com/binary.taxnotes.com/image/etl/pdficon_small.gif" width="14" height="14" border="0"/></a>.