Bill Text: CA AB464 | 2015-2016 | Regular Session | Enrolled

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Bill Title: Transactions and use taxes: maximum combined rate.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Vetoed) 2016-01-15 - Consideration of Governor's veto stricken from file. [AB464 Detail]

Download: California-2015-AB464-Enrolled.html

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BILL NUMBER: AB 464	ENROLLED
	BILL TEXT

	PASSED THE SENATE  JULY 13, 2015
	PASSED THE ASSEMBLY  JULY 16, 2015
	AMENDED IN SENATE  JUNE 17, 2015
	AMENDED IN ASSEMBLY  APRIL 6, 2015

INTRODUCED BY   Assembly Members Mullin and Gordon
   (Coauthors: Assembly Members Frazier and McCarty)
   (Coauthors: Senators Allen and Hill)

                        FEBRUARY 23, 2015

   An act to amend Section 7251.1 of, and to add Section 7251.5 to,
the Revenue and Taxation Code, relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 464, Mullin. Transactions and use taxes: maximum combined rate.

   Existing law authorizes cities and counties, and, if specifically
authorized, other local governmental entities, subject to certain
limitations and approval requirements, to levy a transactions and use
tax for general purposes, in accordance with the procedures and
requirements set forth in the Transactions and Use Tax Law, including
a requirement that the combined rate of all taxes imposed in
accordance with that law in the county not exceed 2%.
   This bill would increase that maximum combined rate to 3%.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 7251.1 of the Revenue and Taxation Code is
amended to read:
   7251.1.  (a) The combined rate of all taxes imposed in accordance
with this part in any county shall not exceed 2 percent. A tax shall
not be considered to be in accordance with this part if, upon its
adoption, the combined rate in the county will exceed 2 percent.
   (b) This section applies only to taxes and rates authorized to be
imposed in accordance with this part in any county before January 1,
2016. On and after January 1, 2016, the combined rate in the county
shall not exceed the combined rate established in Section 7251.5.
  SEC. 2.  Section 7251.5 is added to the Revenue and Taxation Code,
to read:
   7251.5.  On and after January 1, 2016, the combined rate of all
taxes imposed in accordance with this part in any county shall not
exceed 3 percent. A tax shall not be considered to be in accordance
with this part if, upon its adoption, the combined rate in the county
will exceed 3 percent.