California Revenue and Taxation Code

§ 100.96

RTC § 100.96 Effective Oct 9, 2011Div. 1 · Part 0.5 · Ch. 6 · Art. 6

Statute text

(a)Notwithstanding any other law, for the 2011–12 fiscal year and each fiscal year thereafter, all of the following shall apply:

(1)The revenue from the property tax assessed on qualified property, which is owned by a public utility and assessed by the State Board of Equalization, shall be allocated in accordance with subdivision (b) entirely within the county in which the qualified property is located.

(2)The tax rate applied to the assessed value of qualified property shall be the rate calculated pursuant to subdivision (b) of Section 100.

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Legislative history

Added by Stats. 2011, Ch. 710, Sec. 2. (SB 536) Effective October 9, 2011.