Statute · California Revenue and Taxation Code

Cal. Rev. & Tax. Code § 98.2 — Tax Equity Allocations for Certain Cities

Cal. Rev. & Tax. Code § 98.2

Type: Statute
Source: California Revenue and Taxation Code
Jurisdiction: California
Date: 2011-06-29
Current through: Nov 2, 2026 (California Legislative Counsel)

Citator

Cal. Rev. & Tax. Code § 98.2 — Tax Equity Allocations for Certain Cities is in force in the current edition of the Code, and nothing recorded condemns it.

For the 2011–12 fiscal year, and each fiscal year thereafter, the computations provided for in Sections 98 and 98.1 shall be performed in a manner which recognizes that passthrough payments formerly required under the Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the Health and Safety Code) are continuing to be made under the authority of Part 1.85 (commencing with Section 34170) of Division 24 of the Health and Safety Code and those payments shall be recognized in the TEA calculations as though they were made under the Community Redevelopment Law. Additionally, the computations provided for in Sections 98 and 98.1 shall be performed in a manner that recognizes payments to a Redevelopment Property Tax Trust Fund, established pursuant to Section 34170.5 of the Health and Safety Code as if they were payments to a redevelopment agency as provided in subdivision (b) of Section 33670 of the Health and Safety Code.