The minimum business tax, the additional tax based on the number of rental units,
lots, square feet, and the cap referenced in Section 4.76.440 above, shall each be adjusted annually, commencing July 1, 2018, and every year thereafter,
if the cost of living in the city has increased over the preceding base period as
shown by the CPI Index, but in no event shall the adjustment exceed three percent
per year on the tax based on the number of rental units, lots, and square feet, and
three percent per year on the cap, and one and one-half percent per year on the minimum
business tax. For purposes of this section, the base period for the first adjustment
period commencing on July 1, 2018 shall be the CPI Index reported for February 2017
to February 2018. The base period for each subsequent adjustment period thereafter
shall be February to February. In the event the CPI Index is no longer published,
the director shall use as a reference another index published by either the State
of California or a federal department or agency that is charged with the responsibility
of measuring the cost of living in the geographical area that includes the city.
(Measure G (Ord. 2016.2), adopted by electorate, 12-13-16)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
