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 30126.
Latest version.
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The annual determination required of the State Board of Equalization pursuant to subdivision (b) of Section 30123 shall be made based on the wholesale cost of tobacco products as of March 1, and shall be effective during the state's next fiscal year.
(Added November 8, 1988, by initiative Proposition 99. Operative January 1, 1989, by Section 30128.)