Signed by Governor Gavin Newsom

Vote Smart's Synopsis:

Vote to pass a bill that authorizes Los Angeles County and Contra Costa County, California to exceed the 2% cap on local transactions and use taxes.

Highlights:

• Authorizes Los Angeles County to adopt an ordinance to levy a tax under the Transactions and Use Tax Law at a rate of up to 0.5% for general and specific purposes until December 31, 2031 (Sec. 1).

• Authorizes Contra Costa County to adopt an ordinance to levy a tax under the Transactions and Use Tax Law at a rate of up to 0.625% for general and specific purposes until December 31, 2031 (Sec. 2).

• Authorizes taxes levied by either of those counties to exceed the 2% limit on the combined rate of all taxes imposed under the Transactions and Use Tax Law for a county (Sec. 1-2).

• Specifies that this act takes effect immediately upon passage (Sec. 4).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that authorizes Los Angeles County and Contra Costa County, California to exceed the 2% cap on local transactions and use taxes.

Highlights:

• Authorizes Los Angeles County to adopt an ordinance to levy a tax under the Transactions and Use Tax Law at a rate of up to 0.5% for general and specific purposes until December 31, 2031 (Sec. 1).

• Authorizes Contra Costa County to adopt an ordinance to levy a tax under the Transactions and Use Tax Law at a rate of up to 0.625% for general and specific purposes until December 31, 2031 (Sec. 2).

• Authorizes taxes levied by either of those counties to exceed the 2% limit on the combined rate of all taxes imposed under the Transactions and Use Tax Law for a county (Sec. 1-2).

• Specifies that this act takes effect immediately upon passage (Sec. 4).

Full Bill Text