Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Revenue and Taxation Code

Property Taxation

Part 4. Levy of Tax

Chapter 3. Reimbursement for Costs Mandated by the State

Article 5. Additional Property Tax Rates* †

Section 2279.1

2279.1. Additional rate for interest and redemption charges. A local agency may levy, or have levied on its behalf, a rate in addition to the maximum property tax rate established pursuant to this chapter for interest and redemption charges on amounts borrowed pursuant to Section 54902.1 of the Government Code.

History.—Added by Stats. 1974, Ch. 868, p. 1858, in effect January 1, 1975. Stats. 1975, Ch. 224, p. 604, in effect January 1, 1976, added "rate" after "tax", and substituted "Section 54902.1" for "Section 54702.1". Stats. 1979, Ch. 516, in effect January 1, 1980, renumbered the section which was formerly numbered 2279.

* Article 5 shall not apply to property tax rates for the 1978–79 fiscal year.

† Section 60 of Stats. 1979, Ch. 282, in effect July 24, 1979, provided that Article 5 shall not apply to property tax rates for the 1979–80 fiscal year.