Carpinteria Municipal Code Ch. 3.40 Inflationary Tax Adjustment

The city manager shall adjust all taxes imposed or charged, provided for in this code, including without limitation, the uniform transient occupancy tax, the documentary stamp tax on the sale of real property, the business license tax, the business license tax on new construction and the employee license fees (but excluding sales and use taxes), on a fiscal quarter basis, in accordance with the increase or decrease in the cost of living. All adjustments shall be based on the Bureau of Labor Statistics-Consumer Price Index (CPI) for all urban consumers; the CPI on January 1, 1978-100. No adjustment shall take effect until the city manager's report is ordered filed by the city council. The council may reject but may not modify any one or more of the adjustments in any report before ordering the report filed.

(Ord. 252 § 1 (part), 1978: prior code § 8800)

In the event any state law limits the amount of any tax that may be imposed or charged by the city, any required adjustment of such tax provided for by Section 3.40.010 may go up to, but shall not exceed that maximum limit.

(Ord. 252 § 1 (part), 1978: prior code § 8801)