Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2012
 

Additional Local Taxes

CHAPTER 3.5. LOCAL PUBLIC FINANCE

SECTION 7288.3

7288.3. Authorization to levy. A local public finance authority may adopt an ordinance imposing, for the authority's general purpose, a transactions and use tax that conforms with Part 1.6 (commencing with Section 7251) at a rate of 0.25 percent or 0.5 percent, if all of the following requirements are met:

(a) The ordinance specifies how the proceeds of the tax will be allocated among drug abuse prevention, crime prevention, health care services, and public education purposes. Funds allocated for public education purposes shall be governed by Chapter 8 (commencing with Section 42400) of Part 24 of Division 3 of Title 2 of the Education Code.

(b) The ordinance proposing the tax is approved by a two-thirds vote of the board of directors of the authority, provided that the two-thirds majority

includes at least three of the members described in subdivision (a) of Section 7288.2, and at least three of the members described in subdivision (b) of Section 7288.2.

(c) The ordinance proposing the tax is approved by a majority of the qualified voters of the county voting on the measure.

* Chapter 3.5 added by Stats. 1991, Ch. 14 and 1024, in effect January 1, 1992.