ARTICLE 5. Transactions and Use Tax [132300. - 132314.]
Article 5 added by Stats. 1985, Ch. 1576, Sec. 23.
§§ 132300–132314 · 16 sections
- § 132300 The Legislature, by the enactment of this article, intends the additional funds provided government agencies by this article to supplement existing local…
- § 132301 (a) A retail transactions and use tax ordinance applicable to the entirety of, or a portion of, the incorporated and unincorporated territory of the county…
- § 132302 The commission, in the ordinance, shall state the nature of the tax to be imposed, the tax rate or the maximum tax rate, the purposes for which the revenue…
- § 132303 (a) The county shall conduct an election called by the commission pursuant to Section 132301. (b) The election shall be called and conducted in the same manner…
- § 132304 (a) Any transactions and use tax ordinance adopted pursuant to this article shall be operative on the first day of the first calendar quarter commencing more…
- § 132305 The revenues from the taxes imposed pursuant to this article may be allocated by the commission for public transportation purposes consistent with the adopted…
- § 132306 If taxes are imposed pursuant to this article for expenditure for public transit purposes, the commission shall allocate revenues derived therefrom to the…
- § 132307 (a) The commission, subject to the approval of the voters within the portion of the county to which the tax would apply, may impose a maximum tax rate of 1…
- § 132308 The commission may reduce a tax rate to percentages lower than that approved by the voters and may further provide for an increase of the tax rate if it has…
- § 132309 (a) The commission, as part of the ballot proposition to approve the imposition of a retail transactions and use tax, shall seek authorization to issue bonds…
- § 132310 (a) The bonds authorized by the voters concurrently with the approval of the retail transactions and use tax may be issued by the commission at any time, and…
- § 132310.5 The commission 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…
- § 132311 Limited tax bonds shall be issued pursuant to a resolution adopted at any time, and from time to time, by the commission by a two-thirds vote of all members of…
- § 132312 Any bonds issued pursuant to this article are a legal investment for all trust funds; for the funds of insurance companies, commercial and savings banks, and…
- § 132313 Any action or proceeding wherein the validity of the adoption of the retail transactions and use tax ordinance provided for in this article or the issuance of…
- § 132314 The commission has no power to impose any tax other than the transactions and use tax imposed upon approval of the voters in accordance with this chapter.