This chapter shall be known and may be cited as "the Inyo County transactions and use tax disbursement ordinance."
(Ord. 833 § 1, 1988)
This chapter is adopted to achieve the following, among other purposes and this chapter shall be interpreted liberally to accomplish those purposes:
A.
This board has adopted by a two-thirds vote of its members an ordinance that imposes within Inyo County a retail transactions and use tax in accordance with Part 1.6 and Chapter 2 of Part 1.7 of Division 2 of the Revenue and Taxation Code. That ordinance only will become effective upon approval by a majority of the qualified voters of Inyo County voting on the question of whether to impose a transactions and use tax within the county; and
B.
In the event that the imposition of a transactions and use tax is approved by the voters, the county of Inyo will use the proceeds from the tax to fund public services and programs, specifically including some or all of the costs of solid waste disposal, the criminal justice system and hazardous waste disposal;
C.
In the event that the transactions and use tax is approved by the voters, the county of Inyo will disburse a portion of the proceeds from the tax to the city of Bishop. The city of Bishop city council has said that such funds will be used to fund public services and programs which are of benefit to residents of both the county of Inyo and the city of Bishop. These public services and programs include the Bishop City Park and fire and police services.
(Ord. 833 § 2, 1988)
Immediately upon receipt of the proceeds of the transactions and use tax from the State Board of Equalization, the auditor-controller of the county of Inyo is authorized and directed to disburse a portion of the proceeds to the city of Bishop in the following percentages:
A.
During the 1988-1989 fiscal year, twenty-five percent of all proceeds received;
B.
During each fiscal year after the 1988-1989 fiscal year, thirty percent of all proceeds received.
(Ord. 833 § 3, 1988)