Section 132307 Of Article 5. Transactions And Use Tax From California Public Utilities Code >> Division 12.7. >> Chapter 2. >> Article 5.
132307
. (a) The commission, subject to the approval of the voters,
may impose a maximum tax rate of 1 percent under this chapter and
Part 1.6 (commencing with Section 7251) of Division 2 of the Revenue
and Taxation Code, and the commission may state the maximum tax rate
in terms of not to exceed 1 percent, or any lesser percentage
thereof. The commission shall not levy the tax at a rate other than 1
percent or three-fourths, one-half, or one-fourth of 1 percent,
unless specifically authorized by the Legislature.
(b) The tax rate adopted pursuant to this article, unless
otherwise prohibited, may be increased by the commission by ordinance
adopted in the manner and by the vote stated in Section 132301 and
approved by a majority of the electors voting on the measure at an
election called for that purpose by the commission.