California Revenue and Taxation Code 4658.2 – Taxes shall be distributed to each fund on the basis of the tax rate …
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Taxes shall be distributed to each fund on the basis of the tax rate established for the fiscal year preceding that in which distribution is made and in the same proportion that the tax rate for each fund bears to the total tax rate applicable.
(Added by Stats. 1969, Ch. 96.)
Terms Used In California Revenue and Taxation Code 4658.2
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- fund: includes :
California Revenue and Taxation Code 4651