Staff Analysis of the Legislation
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Refer to SB 1390. This is a mirror bill. This bill extends the Proposition 301 tax rate, which expires June 30, 2021. Beginning July 1, 2021, this bill establishes an additional 0.6% Transaction Privilege Tax (TPT). This tax would not be considered local revenues for the purpose of expenditure limits for school districts. The revenue would be distributed in largely the same manner as Proposition 301 expenditures. |
