§ 42401
113 words·~1 min read·
/ca/education-code/42401A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Revenues from any transactions and use tax imposed pursuant to Chapter 3.5 (commencing with Section 7288.1) of Part 1.7 of Division 2 of the Revenue and Taxation Code shall not be considered “allocated local proceeds of taxes” pursuant to Section 41202 of the Education Code or paragraph
(2)of subdivision
(b)of Section 8 of Article XVI of the California Constitution.
(b)Revenues derived from any transactions and use tax imposed pursuant to Chapter 3.5 (commencing with Section 7288.1) of Part 1.7 of Division 2 of the Revenue and Taxation Code shall supplement, and shall not be offset against, the allocations made pursuant to Section 2558 or 42238 of the Education Code.