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Finance Highlights 2011 1202
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Finance Highlights 2011 1202
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12/13/2011 6:20:44 PM
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12/13/2011 6:17:13 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
12/2/2011
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_CC Agenda 2011 1219
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\City Clerk\City Council\Agenda Packets\2011\Packet 2011 1219
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Currently, taxable transactions in the City are subject to the following sales and use tax, <br />of which the City's share is only a portion. The State collects and administers the tax, and <br />makes distributions on taxes collected within the City, as follows: <br />Table A -12 <br />CITY OF SAN LEANDRO <br />Sales Tax Rates <br />Fiscal Year 2010 -11 <br />State (General Fund) <br />5.000% <br />State (Fiscal Recovery Fund) <br />0.250 <br />State (Local Revenue Fund) <br />0.500 <br />State (Local Public Safety Fund) <br />0.500 <br />Local (City and County Operations) <br />0.750 <br />Local (County Transportation Funds) <br />0.250 <br />Total State -Wide Tax Rate <br />7.250% <br />Alameda County Essential Health Care Services <br />Transactions and Use Tax (ACHC) <br />0.500 <br />Alameda County Transportation Authority (ACTH) <br />0.500 <br />Bay Area Rapid Transit District (BART) <br />0.500 <br />City of San Leandro Transactions and Use Tax (SLGF) <br />0.250 <br />Total City of San Leandro Tax Rate <br />9.000% <br />Source: California State Board of Equalization <br />Sales and use taxes are complementary taxes; when one applies, the other does not. In <br />general, the statewide sales tax applies to gross receipts of retailers from the sale of tangible <br />personal property in the State of California. The use tax is imposed on the purchase, for <br />storage, use or other consumption in the State of tangible personal property from any retailer. <br />The use tax generally applies to purchases of personal property from a retailer outside the State <br />of California where the use will occur within the State of California. The Sales Tax is imposed <br />upon the same transactions and items as the statewide sales tax and the statewide use tax. <br />Certain transactions are exempt from the State sales tax, including sales of the following <br />products: <br />• food products for home consumption; <br />• prescription medicine; <br />• newspapers and periodicals; <br />• edible livestock and their feed; <br />• seed and fertilizer used in raising food for human consumption; and <br />• gas, electricity and water when delivered to consumers through mains, <br />lines and pipes. <br />This is not an exhaustive list of exempt transactions. A comprehensive list can be found <br />in the State Board of Equalization's June 2005 Publication No. 61 entitled "Sales and Use <br />Taxes: Exemptions and Exclusions," which can be found on the State Board of Equalization's <br />website at http: / /www.boe.ca.gov /. <br />A -20 <br />
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