Piedmont Municipal Code § 20.6 Amendments to State Law

All amendments of the Revenue and Taxation Code enacted 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 of Division 2 of the Revenue and Taxation Code shall automatically become a part of this article. (Ord. No. 182 N.S., §6)

EXEMPTIONS

(a) Sections 20.4(b) (4.5) and 20.5 (b) (3.5) of this article 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 20.4 (b) (4) and 20.5 (b) (3) of this ordinance shall become inoperative.

Taxation

(b) In the event that sections 20.4 (b) (4.5) and 20.5 (b) (3.5) of this article 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 20.4 (b) (4) and 20.5 (b) (3) of this article shall become operative on the first day of the month following the month in which such higher ration is adopted, at which time sections 20.4 (b) (4.5) and 20.5 (b) (3.5) of this article shall become inoperative until the first day of the month following the month in which the board again adopts an assessment ratio for the 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 20.4 (b) (4.5) and 20.5 (b) (3.5) shall again become operative and sections 20.4 (b) (4) and 20.5 (b) (3) shall become inoperative. (Ord. No. 313 N.S., §3)