California § 7286.60. 7286.60. (Added by Stats. 1995, Ch. 889, Sec. 1.)

California Statutes

§ 7286.60. — 7286.60. (Added by Stats. 1995, Ch. 889, Sec. 1.)

California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 1.7. PART 1.7. ADDITIONAL LOCAL TAXES·Ch. 2.12. CHAPTER 2.12. Truckee Transactions and Use Tax

(a)Subject to subdivision (b), the Town of Truckee may levy a transactions and use tax at a rate of 0.5 percent, if an ordinance or resolution proposing that tax is approved by a majority vote of all the members of the town council and the tax is approved by a two-thirds vote of the qualified voters of the town voting in an election on the issue.

(b)

(1)Any transactions and use tax levied under this section shall be levied pursuant to the Transactions and Use Tax Law (Part 1.6 (commencing with Section 7251)).

(2)The net revenues derived from a tax levied under this section shall be expended exclusively for the repair, replacement, construction, or reconstruction of the town’s streets and roads system.

Free access — add to your briefcase to read the full text and ask questions with AI

(a)
Subject to subdivision (b), the Town of Truckee may levy a transactions and use tax at a rate of 0.5 percent, if an ordinance or resolution proposing that tax is approved by a majority vote of all the members of the town council and the tax is approved by a two-thirds vote of the qualified voters of the town voting in an election on the issue.
(b)
(1)
Any transactions and use tax levied under this section shall be levied pursuant to the Transactions and Use Tax Law (Part 1.6 (commencing with Section 7251)).
(2)
The net revenues derived from a tax levied under this section shall be expended exclusively for the repair, replacement, construction, or reconstruction of the town’s streets and roads system.

California § 7286.60. (7286.60. (Added by Stats. 1995, Ch. 889, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.