California Revenue and Taxation Code

§ 7292.42

RTC § 7292.42 Effective Sep 28, 2024Div. 2 · Part 1.7 · Ch. 3.74.1

Statute text

(a)Notwithstanding any other law, the City of Campbell, by ordinance or by citizens’ initiative, may impose a transactions and use tax for general or specific purposes at a rate of no more than 0.5 percent that would, in combination with all taxes imposed in accordance with Part 1.6 (commencing with Section 7251), exceed the limit established in Section 7251.1 if all of the following requirements are met:

(1)The City Council of the City of Campbell adopts an ordinance proposing the transactions and use tax by the applicable voting approval requirement. This paragraph shall not apply to a tax imposed by citizens’ initiative.

(2)The ordinance proposing the transactions and use tax is submitted to the electorate and is approved by the voters voting on the ordinance by the applicable voting approval requirement in accordance with the California Constitution.

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Legislative history

Added by Stats. 2024, Ch. 852, Sec. 1. (AB 3259) Effective September 28, 2024. Conditionally repealed as of January 1, 2029, pursuant to Section 7292.43.