The City of Stockton has adopted an ordinance creating a Use Tax Business Incentive Program.
This is an effort that diverts local tax money to the City of Stockton rather than having it distributed throughout the County.
Under the proposed Program, businesses located within Stockton City limits will have the ability to identify the City of Stockton as the location where uses will occur for purchases made out-of-state that exceed the statutory limits and identify the City of Stockton as the location where use will occur for purchases made out-of-state that exceed the statutory limits.
This allows the City to receive the entire 1percent of the use tax charged for the purchase. The business may then apply for a rebate of this net new use tax so long as certain criteria have been met.
Any person doing business within the City of Stockton is eligible for the program as long as they meet certain criteria.