California Law (Last Updated: March 4, 2014) |
Revenue and Taxation Code - RTC |
Division 2. OTHER TAXES |
Part 13. CIGARETTE TAX |
Chapter 2. Imposition of Tax |
ARTICLE 2. Cigarette and Tobacco Products Surtax |
Section 30124.
-
(a) With the exception of payments of refunds made pursuant to Article 1 (commencing with Section 30361) of Chapter 6, and reimbursement of the State Board of Equalization for expenses incurred in the administration and collection of the tax imposed by Section 30123, pursuant to its powers vested by this part, all moneys raised pursuant to the taxes imposed by Section 30123 shall be deposited into the fund as provided in subdivision (b).
(b) Moneys shall be deposited in the fund according to the following formula:
(1) Twenty percent shall be deposited in the Health Education Account.
(2) Thirty-five percent shall be deposited in the Hospital Services Account.
(3) Ten percent shall be deposited in the Physician Services Account.
(4) Five percent shall be deposited in the Research Account.
(5) Five percent shall be deposited in the Public Resources Account.
(6) Twenty-five percent shall be deposited in the Unallocated Account.
(c) Any amounts appropriated from any account specified in subdivision (b) which is not encumbered within the period prescribed by law shall revert to the account from which it was appropriated.
(d) This section shall become operative July 1, 1996.