California Public Utilities Code CHAPTER 4 - Transactions and Use Tax

• Section 240300.
  The Legislature, by the enactment of this chapter, intends the additional funds provided government agencies by this chapter to supplement existing local revenues being used...
• Section 240301.
  The commission may levy a retail transactions and use tax applicable in the incorporated and unincorporated territory of the county in accordance with this chapter...
• Section 240302.
  (a) The commission, in the ordinance, shall state the nature of the tax to be imposed, the tax rate or the maximum tax rate, the purposes...
• Section 240303.
  (a) The county shall conduct an election called by the board of supervisors pursuant to Section 240301.(b) The election shall be called and conducted in the same...
• Section 240304.
  (a) Any transactions and use tax ordinance adopted pursuant to this chapter shall be operative on the first day of the first calendar quarter commencing more...
• Section 240305.
  The revenues from the taxes imposed pursuant to this chapter shall be allocated by the commission for transportation purposes consistent with the adopted regional transportation...
• Section 240306.
  (a) The commission, subject to the approval of the voters, may impose a maximum tax rate of 1 percent under this division and the Transactions and...
• Section 240307.
  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...
• Section 240308.
  (a) If requested to do so by the commission in its resolution calling for an election, the board of supervisors, as part of the ballot proposition...
• Section 240309.
  (a) The bonds authorized by the voters concurrently with the approval of the retail transactions and use tax may be issued at any time by the...
• Section 240310.
  Limited tax bonds shall be issued pursuant to a resolution adopted at any time by a two-thirds vote of the commission. Each resolution shall provide...
• Section 240311.
  (a) A resolution authorizing the issuance of bonds shall state all of the following:(1) The purposes for which the proposed debt is to be incurred, which may...
• Section 240312.
  The bonds shall bear interest at a rate or rates not exceeding the maximum allowable by law, payable at intervals determined by the commission, except...
• Section 240313.
  In the resolution authorizing the issuance of the bonds, the commission may also provide for the call and redemption of the bonds prior to maturity...
• Section 240314.
  The principal of, and interest on, the bonds shall be payable in lawful money of the United States at the office of the treasurer of...
• Section 240315.
  The bonds, or each series thereof, shall be dated and numbered consecutively and shall be signed by the chairperson or vice chairperson of the commission...
• Section 240316.
  The bonds may be sold as the commission determines by resolution, and the bonds may be sold at a price below par, whether by negotiated...
• Section 240317.
  Delivery of any bonds may be made at any place either inside or outside the state, and the purchase price may be received in cash...
• Section 240318.
  All accrued interest and premiums received on the sale of the bonds shall be placed in the fund to be used for the payment of...
• Section 240319.
  (a) The commission may provide for the issuance, sale, or exchange of refunding bonds to redeem or retire any bonds issued by the commission upon the...
• Section 240320.
  (a) The commission may borrow money in anticipation of the sale of bonds which have been authorized pursuant to this chapter, but which have not been...
• Section 240321.
  Any bonds issued under this chapter are legal investment for all trust funds; for the funds of insurance companies, commercial and savings banks, and trust...
• Section 240322.
  Any action or proceeding wherein the validity of the adoption of the retail transactions and use tax ordinance provided for in this chapter or the...
• Section 240323.
  The commission has no power to impose any tax other than the transactions and use tax imposed upon approval of the voters in accordance with...

Last modified: October 22, 2018