Anderson Municipal Code Ch. 3.50 District Fair Proceeds

A. Pursuant to the provisions of the Business and Professions Code of the state of California, Sections 19610.3 or 19610.4, the city elects to receive a distribution of the proceeds of parimutuel wagers made at the Shasta County Fairgrounds in Anderson, California.

B. At such time after January 1, 1996 as the city or the County of Shasta elects to impose or imposes a license tax, possessory interest tax, excise tax, or fee as 19610.4, then this section shall no longer be operative until such time as the payment of the possessory interest taxes assessed after January 1, 1996 on which the county has a right to levy as an escape assessment, are satisfied as provided in Section 19610.3 or 19610.4 of the Business and Professions Code, and there are no other license taxes, excise taxes or fees assessed by the governmental entity receiving a distribution pursuant to Business and Professions Code Section 19610.3 or 19610.4.

(Ord. 640 §§ 1, 2, 1996: Ord. 552 § A, 1988)