Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Uniform Local Sales And Use Tax Law

CHAPTER 1 GENERAL PROVISIONS

Section 7204.01

7204.01. Transmittals: jurisdictions affected by earthquake. (a) With regard to transmittals pursuant to Section 7204 to each city, county, and city and county within the disaster area designated by the President of the United States as a result of the earthquake of October 17, 1989, the State Board of Equalization shall calculate the difference between the transmittals to each city, county, and city and county for the fourth calendar quarter of 1989 and the first calendar quarter of 1990 and the corresponding transmittals for the fourth calendar quarter of 1988 and the first calendar quarter of 1989. The State Board of Equalization shall, on or before January 1, 1991, notify each city, county, and city and county of the amounts of the differences and certify the amounts to the Controller.

(b) Within 10 days after the first notification pursuant to subdivision (a), the legislative body of a city, county, or city and county which received amounts which are less than the amounts received for the last calendar quarter of 1988 and the first calendar quarter of 1989, may request the Controller to transmit, from the Earthquake Disaster Revenue Stabilization Assistance Fund established pursuant to Section 7204.03, the amounts of the differences, provided the total amount requested is no less than ten thousand dollars ($10,000). Requests submitted pursuant to this subdivision shall be submitted on or before December 1, 1991, and shall include findings adopted by the legislative body that the amount of the difference is directly attributable to the earthquake of October 17, 1989.

(c) Within 10 days of receiving a request pursuant to subdivision (b), the Controller shall transmit the requested amount.

(d) Notwithstanding any other provision of this section, if the Controller determines that the amount of sales tax revenue received by the State of California in the fourth calendar quarter of 1989 and the first calendar quarter of 1990 is less than the amount received in the corresponding quarters of the immediately preceding calendar year, the Controller shall reduce the amounts transmitted pursuant to subdivision (c) in proportion to that reduction.

(e) This section shall remain in effect only until January 1, 1992, and as of that date is repealed.

History.—Added by Stats. 1990, Ch. 37, (IX), in effect September 25, 1990.