CA AB1324

Authorizes the City of El Cerrito to impose a transactions and use tax for general purposes at a rate of no more than 0.5% that would exceed the statewide 2% combined rate limit.

Requires the city to adopt an ordinance and submit it to voters for approval under Article XIII C of the California Constitution, with the election occurring on or after November 4, 2014.

The authorized tax rate is not included in the calculation of the 2% combined rate limitation established in Section 7251.1 of the Revenue and Taxation Code.

The tax must conform to the Transactions and Use Tax Law, become operative on or after January 1, 2015, and follow standard implementation procedures.

These provisions automatically repeal on January 1, 2022, if the ordinance has not been approved by voters by that date.