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Business Taxes Law Guide—Revision 2024
Transactions And Use Tax Law
Revenue and Taxation Code
Division 2. Other Taxes
Part 1.6. Transactions and Use Taxes
Chapter 3. Administration
Section 7271.03
7271.03. Transmittals: Santa Cruz Metropolitan Transit District. (a) With regard to transmittals pursuant to Section 7271 to the Santa Cruz Metropolitan Transit District, the State Board of Equalization shall calculate the difference between the transmittals to that district for the fourth calendar quarter of 1989 and the first calendar quarter of 1990 and the corresponding transmittals for the fourth calendar quarter of 1988 and the first calendar quarter of 1989. The State Board of Equalization shall, on or before January 1, 1991, notify the Santa Cruz Metropolitan Transit District of the amounts of the differences and certify those amounts to the Controller.
(b) Within 10 days after the first notification pursuant to subdivision (a), the governing body of the Santa Cruz Metropolitan Transit District, if that district has received total amounts less than corresponding amounts received for the the fourth calendar quarter of 1988 and the first calendar quarter of 1989, may request the Controller to transmit, from the Earthquake Disaster Revenue Stabilization Assistance Fund established pursuant to Section 7204.03, the amounts of the differences, provided that the total amount requested is no less than ten thousand dollars ($10,000). Requests submitted pursuant to this subdivision shall be submitted on or before December 1, 1991, and shall include findings by the district's governing body that the amounts of the differences are directly attributable to the earthquake of October 17, 1989.
(c) Within 10 days of receiving a request pursuant to subdivision (b), the Controller shall transmit the requested amount.
(d) Notwithstanding any other provision of this section, if the Controller determines that the amount of sales tax revenue received by the State of California in the fourth calendar quarter of 1989 and the first calendar quarter of 1990 is less than the amount received in the corresponding quarters of the immediately preceding calendar year, the Controller shall reduce the amounts transmitted pursuant to subdivision (c) in proportion to that reduction.
(e) This section shall remain in effect only until January 1, 1992, and as of that date is repealed.
History—Added by Stats. 1990, Ch. 37, (1X), in effect September 25, 1990.