§ 64-2.208. Incorporation of state code amendments.

(a)

All amendments of the Revenue and Taxation code enacted after October 1, 1956, 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 chapter.

(b)

Sections 64-2.414, 64-2.610 and 64-2.210(b) 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 Revenue and Taxation Code Section 401, at which time Sections 64-2.412, 64-2.608 and 64-2.210(a) shall become inoperative.

(c)

If Sections 64-2.414, 64-2.610 and 64-2.210(b) of this chapter 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 Revenue and Taxation Code Section 401, Sections 64-2.412, 64-2.608 and 64-2.210(a) shall become operative on the first day of the month next following the month in which such higher ratio is adopted, at which time Sections 64-2.414, 64-2.610, and 64-2.210(b) shall be 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 Revenue and Taxation Code Section 401, at which time Sections 64-2.414, 64-2.610, and 64-2.210(b) shall again become operative and Sections 64-2.412, 64-2.608, and 64-2.210(a) shall become inoperative.

(Ord. 73-91 § 4, 1973; prior code § 2525: Ord. 1042).