CA AB723

Exempts transactions and use tax rates imposed by the County of Alameda (either under new authority or Chapter 327 of the Statutes of 2011) from the 2% combined rate limit established under the Transactions and Use Tax Law.

Exempts transactions and use tax rates imposed by the San Francisco Bay Area Rapid Transit District on or before the effective date of this bill from the 2% combined rate limit within Alameda County.

Exempts transactions and use tax rates imposed by the Santa Cruz Metropolitan Transit District on or before the effective date of this bill from the 2% combined rate limit under the Transactions and Use Tax Law.

Declares that the changes regarding Alameda County taxes are declaratory of existing law, not a change in law.

Finds that special statutes are necessary for Alameda and Santa Cruz Counties due to unique fiscal pressures, as a general statute cannot be made applicable.