Inglewood Municipal Code § 9-54 Amendments to State Code

All amendments to said Revenue and Taxation Code enacted subsequent to the effective date of this Article including amendments adopted and effective to and including September 11, 1957 which relate to the sales and use tax and which are not inconsistent with Part 1.5 of Division 2 of the Revenue and Taxation Code, shall automatically become a part of this Article.

(1) Sections 9-52(6.5) and 9-53(4.5) of the Inglewood Municipal Code 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 9-52(6) and 9-53(4) of this Code shall become inoperative.

(2) In the event that Sections 9-52(6.5) and 9-53(4.5) of the Inglewood Municipal Code 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 401 of the Revenue and Taxation Code, Sections 9-52(6) and 9-53(4) of this Code shall become operative on the first day of the month following the month in which such higher ratio is adopted, at which time Sections 9-52(6.5) and 9-53(4.5) of this Code shall become inoperative until 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 ratio required for local assessments by Section 401 of the Revenue and Taxation Code, at which time Sections 9-52(6.5) and 9-53(4.5) shall again become operative and Sections 9-52(6) and 9-53(4) shall become inoperative.

(Ord. 2156 1-1-74)