Assembly Bill 2854 (AB 2854) Tax Revenue Sharing Agreements

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Assembly Bill 2854 (AB 2854), Regulation 1808 in the Revenue and Taxation Code(RTC) section 7213, requires each California city and county to report to the California Department of Tax and Fee Administration (CDTFA), all agreements involving the direct or indirect payment, transfer, diversion, or rebate of Bradley-Burns Uniform Local Sales and Use Tax revenue.

Agreements must be reported to CDTFA annually, on or before April 30, with information from the immediately preceding fiscal year.  Additionally, a local agency reporting an agreement to CDTFA must also publish the information on its website.

 

Agreements