CHAPTER 5. Transactions and Use Tax [150200. - 150214.]
Chapter 5 added by Stats. 1986, Ch. 1521, Sec. 1.
§§ 150200–150214 · 15 sections
- § 150200 The Legislature, by the enactment of this chapter, intends the additional funds provided government agencies by this chapter to supplement existing local…
- § 150201 A retail transactions and use tax ordinance shall be imposed by the authority in accordance with Section 150206 and Part 1.6 (commencing with Section 7251) of…
- § 150202 The retail transactions and use tax ordinance shall state the nature of the tax to be imposed, the tax rate or the maximum tax rate, the purposes for which the…
- § 150203 (a) The county shall conduct the elections called pursuant to Section 150201. (b) The elections shall be called and conducted in the same manner as provided by…
- § 150204 (a) Any retail transactions and use tax ordinance adopted pursuant to this chapter shall be operative on the first day of the first calendar quarter commencing…
- § 150205 (a) Revenues from the retail transactions and use tax imposed pursuant to this chapter shall be allocated by the authority for public transportation purposes…
- § 150206 (a) The authority, subject to the approval of the voters, may impose a maximum tax rate of 1 percent under this division and Part 1.6 (commencing with Section…
- § 150207 The authority may reduce the tax rate to a percentage lower than that approved by the voters and may further provide for an increase of the tax rate if it has…
- § 150208 (a) A ballot proposition to approve an ordinance for the imposition of a retail transactions and use tax, shall seek authorization to issue bonds payable from…
- § 150209 (a) The bonds authorized by the voters concurrently with the approval of the retail transactions and use tax may be issued by the authority at any time, and…
- § 150210 The authority may provide for the bonds to bear a variable interest rate, for the manner and intervals in which the rate shall vary, and for the dates on which…
- § 150211 Limited tax bonds shall be issued pursuant to a resolution adopted at any time, and from time to time, by the authority by a four-fifths vote of all of its…
- § 150212 Any bonds issued pursuant to this chapter are a legal investment for all trust funds; for the funds of insurance companies, commercial and savings banks, and…
- § 150213 Any action or proceeding wherein the validity of the adoption of the retail transactions and use tax ordinance provided for in this chapter or the issuance of…
- § 150214 The commission may not impose any tax other than the retail transactions and use tax imposed upon approval of the voters in accordance with this division.