CA SB762

Authorizes the City of Hercules to impose a transactions and use tax of up to 1% for general or specific purposes, even if it exceeds the statewide combined rate limit of 2% for such taxes

Requires voter approval at the applicable voting threshold and, for council-initiated measures, adoption by the City Council before the tax can be imposed

Exempts any transactions and use tax imposed under this authorization from counting toward the 2% combined rate limit established in state law

Justifies the special statute based on the unique fiscal needs of the City of Hercules, as required by the California Constitution for city-specific legislation