California Revenue and Taxation Code

§ 11167

RTC § 11167 Effective Jan 1, 2013Div. 2 · Part 5.7

Statute text

For any revisions to previous estimates made by the Franchise Tax Board on or after January 1 following the inoperation or repeal of a voter-approved local assessment pursuant to Section 11166, the following shall apply:

(a)(1) In the event that the Franchise Tax Board’s reported estimate, pursuant to subdivision (a) of Section 11166, exceeds the revision of that estimate, pursuant to subdivision (b) of Section 11166, the city and county shall be reimbursed by the Controller from the San Francisco Vehicle Assessment Fund.

(2)The money in the San Francisco Vehicle Assessment Fund is hereby continuously appropriated, without regard to fiscal years, for the purposes enumerated in this subdivision.

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Legislative history

Added by Stats. 2012, Ch. 838, Sec. 2. (SB 1492) Effective January 1, 2013.