67972
Effective Jan 1, 2019Amended by Stats. 2018, Ch. 771, Sec. 7. (AB 2920) Effective January 1, 2019.
(a) In the ordinance, the authority shall do all of the following:
- (1) State the nature of the tax to be imposed.
- (2) Provide the tax rate or the maximum tax rate.
- (3) Specify the period during which the tax will be imposed.
- (4) Specify the purposes for which the revenue derived from the tax will be used.
- (b) The tax rate may be in .25 percent increments and may not exceed a maximum tax rate of 1 percent.