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

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Amended.html

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BILL NUMBER: AB 464	AMENDED
	BILL TEXT

	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 the Revenue and Taxation Code,
relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 464, as amended, 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%.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


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.  The combined rate of all taxes imposed in accordance with
this part in any county shall not exceed  2   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.