Imperial Municipal Code § 21-7 Amendments

subsequent to the effective date of this article which relate to the sales and use tax and which are not inconsistent with part 1.5, division 2 of the Revenue and Taxation Code shall automatically become a part of this article. (Ord. 354)

a) Section 21-5 (e), 21-6©, and 21-6(d) shall become operative on January 1st of the year following the year in which the state board of equalization adopts an assessment ratio for state assessed property which is identical to the ratio which is required for local assessments by section 401 of the Revenue and Taxation Code, at which time sections 21-5(d) and 21-6© shall become operative. (Ord. 436)

b) In the event that sections 21-5(e) and 21-6(d) become operative and the

state board of equalization subsequently adopts an assessment ratio for state assessed property which is higher than the ratio which is required for local assessments by section 4-1 of the Revenue and Taxation Code, section 21-5(e) and 21-6© shall become operative on the first day of the month following the month in which the board again adopts an assessment ratio for state assessed property which is identical to the ration required for local assessments by section 401 of the Revenue and Taxation Code, at which time sections 21-5(e) and 21-6(d) shall again become operative and sections 21- 5(d) and 21-6© shall become inoperative. (Ord. 436)

[ORDINANCE NO. 513: Sections 3 & 4 of this Ordinance (amending Sec. 21-5

(d) and 21-6 ©, shall be operative on the operative date of any act of the Legislature of the State of California which amends or repeals and reenacts Section 7202 of the Revenue and Taxation Code to provide an exemption from city sales and use taxes for operators of waterborne vessels in the same, or substantially the same, language as that existing in subdivisions (i) (7) and (i)(8) of Section 7202 of the Revenue and Taxation Code as those subdivisions read on October 1, 1983) (Ord. 513)