California Revenue and Taxation Code

§ 99.01

RTC § 99.01 Effective Jan 1, 1995Div. 1 · Part 0.5 · Ch. 6 · Art. 5

Statute text

(a)For the purposes of Section 99, in the case of a jurisdictional change that will result in a special district providing one or more services to an area where those services have not been previously provided by any local agency, the following shall apply:

(1)The special district referred to in this subdivision and each local agency that receives an apportionment of property tax revenue from the area shall be considered local agencies whose service area or service responsibility will be altered by the jurisdictional change.

(2)The exchange of property tax among those local agencies shall be limited to property tax revenue from the annual tax increment generated in the area subject to the jurisdictional change and attributable to those local agencies.

…

Legislative history

Added by Stats. 1994, Ch. 1167, Sec. 3. Effective January 1, 1995.