Any increase or reduction in the tax rate adopted pursuant to Section 240306 or 240307 shall become effective on the first day of the calendar quarter which commences at least 120 days following the date of the commission’s vote approving the increased or reduced rate.
(Added by Stats. 1987, Ch. 270, Sec. 2. Effective July 28, 1987.)
Last modified: October 25, 2018