Cal. Rev. & Tax. Code § 96.81

Current through the 2023 Legislative Session.
Section 96.81 - Property tax apportionment factors in county for which controller's audit conducted

Notwithstanding any other provision of law, the property tax apportionment factors applied in allocating property tax revenues in a county for which a Controller's audit conducted under Section 12468 of the Government Code between July 1, 1993, and June 30, 2001, determined that an allocation method was required to be adjusted and a reallocation was required for prior fiscal years, are deemed to be correct. However, for the 2001-02 fiscal year and each fiscal year thereafter, property tax apportionment factors applied in allocating property tax revenues in a county described in the preceding sentence shall be determined on the basis of property tax apportionment factors for prior fiscal years that have been fully corrected and adjusted, pursuant to the review and recommendation of the Controller, as would be required in the absence of the preceding sentence.

Ca. Rev. and Tax. Code § 96.81

Added by Stats 2004 ch 211 (SB 1096),s 19, eff. 8/5/2004.