Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2012
 

Additional Local Taxes

CHAPTER 2.5. LOCAL EDUCATION FINANCE*

SECTION 7286.3

7286.3. Revenues; limitations. (a) Revenues from any transactions and use tax imposed pursuant to Section 7286.1 shall not be considered "allocated local proceeds of taxes" pursuant to Section 41202 of the Education Code or paragraph (2) of subdivision (b) of Section 8 of Article XVI of the California Constitution.

(b) Revenues derived from any transactions and use tax imposed pursuant to Section 7286.1 shall supplement, and shall not be offset against, the allocations made pursuant to Section 2558 or 42238 of the Education Code.

* Chapter 2.5 was added by Stats. 1991, Ch. 369, in effect September 5, 1991.