Contracts & Agreements_13-1959 - Laserfiche WebLink

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GEORGE R. REILLY FIRST DISTRICT, SAN FRANCISCO JOHN W. LYNCH SECOND DISTRICT, TV4ARE PAUL R. LEAKE THIRD DISTRICT, WOODLAND RICHARD NEVINS FOURTH DISTRICT, LOS ANGELES ALAN CRANSTON, CONTROLLER SACRAMENTO OFFICE OF STATE BOARD OF EQUALIZATION STATE OF CALIFORNIA 1020 N STREET SACRAMENTO June 30, 1959 TO THE BOARD OF SUPERVISORS OR THE CITY COUNCIL ADDRESSED: PAUL R. LEAKE CHAIRMAN JOHN W. LYNCH VICE-CHAIRMAN DIXWELL L. PIERCE SECRETARY MAIL AoDREss: P. O, Box 1799 SACRAMENTO 8, CALIFORNIA Amendment of Agreement for State Administration of Local Sales and Use Taxes Enclosed is your copy of the amendment of our agreement for state administration of your local sales and use taxes under the Bradley - Burns Law, to provide that the collections shall be transmitted to the county or city periodically as promptly as feasible. It is suggested that this amendment be kept in your files with the original agreement. This amendment was submitted to the State Department of Finance for approval, which has been given pursuant to Section 13372 of the Government Code by authorizing the State Board of Equalization to enter into such amendments to its contracts under Section 7204 of the Revenue and Taxation Code. The authorization is in the form of a letter of June 19, 1959, applicable to all such amendments, and hence the enclosure does not bear individual endorsement of approval by the Finance Department. As explained earlier, two payments of tax collections will be made during each calendar quarter. In the second month of a quarter, viz., May, August, November, and February, the transmittal, in effect, will be equivalent to 90% of the tax collections for the previous quarter. This will be followed by a "clean-up" payment in the third month of each quarter, viz., June, September, December, and March. Thus, the next payment will be sent in August. You will be pleased to know that Honorable Clark L. Bradley, mentioned has been amended to make it clear that to you during each calendar quarter. ture by the Governor. Assembly Bill No. 2223 by in our earlier correspondence, there will be two payments The bill is now awaiting signa- We are most grateful to the officials of the counties and cities concerned, as well as to your respective organizations, viz., the County Supervisors Association and the League of California Cities, for your cooperation with us in putting into effect this plan for earlier transmittal of the sales and use tax collections which we make on your behalf. Enclosure STATE OARD OF EQ LIZATION By Secretary