Transactions and use taxes: various jurisdictions.

Existing law authorizes cities and counties, subject to certain limitations and approval requirements, to levy a transactions and use tax for general or specific purposes in accordance with the procedures and requirements set forth in the Transactions and Use Tax Law, including a requirement that the combined rate of all taxes that may be imposed in accordance with that law in the jurisdiction not exceed 2%. This bill would authorize, until December 31, 2030, or December 31, 2031, as specified, various jurisdictions to levy taxes pursuant to the Transactions and Use Tax Law at specified rates, as prescribed. The bill would authorize those taxes to exceed the 2% limit described above. This bill would make legislative findings and declarations as to the necessity of a special statute for the jurisdictions authorized to impose a tax pursuant to the bill. This bill would declare that it is to take effect immediately as an urgency statute.