California Revenue and Taxation Code

§ 97.81

RTC § 97.81 Effective Jan 1, 2011Div. 1 · Part 0.5 · Ch. 6 · Art. 3

Statute text

(a)Notwithstanding any other provision of law, for the 2011–12 fiscal year and for each fiscal year thereafter, the auditor of a qualified county shall do both of the following:

(1)Increase the total amount of ad valorem property tax revenue that is otherwise required to be allocated to that county by the county equity amount.

(2)(A) Decrease the total amount of ad valorem property tax revenue that is otherwise required to be allocated to the county Educational Revenue Augmentation Fund by the county equity amount.

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Legislative history

Added by Stats. 2010, Ch. 5, Sec. 2. (SB 85) Effective January 1, 2011.