California Revenue and Taxation Code

§ 96.11

RTC § 96.11 Effective Sep 22, 2015Div. 1 · Part 0.5 · Ch. 6 · Art. 2

Statute text

Notwithstanding any other provision of this article, for purposes of property tax revenue allocations, the county auditor of a county for which a negative sum was calculated pursuant to subdivision (a) of former Section 97.75 as that section read on September 19, 1983, shall, in reducing the amount of property tax revenue that otherwise would be allocated to the county by an amount attributable to that negative sum, do all of the following:

(a)For the 2011–12 fiscal year, apply a reduction amount that is equal to the lesser of either of the following:

(1)The reduction amount that was determined for the 2010–11 fiscal year.

…

Legislative history

Amended by Stats. 2015, Ch. 325, Sec. 24. (SB 107) Effective September 22, 2015.