California: Local Tax Increases Authorized
- Oct 21, 2015 | Gail Cole
The County of San Mateo, California, is authorized with the enactment of Senate Bill 705 to impose a transactions and use tax of up to 0.5%. The Transportation Agency for Monterey County is also authorized to impose a transactions and use tax of up to 0.375%. These taxes may exceed, in combination with other specified taxes, the current combined tax cap of 2%.
Revenue generated by the taxes would fund countywide transportation programs. These provisions take effect January 1, 2016, and “would be repealed by their own terms on January 1, 2026, if an ordinance is not approved, as specified.”