The taxes authorized by this article are subject to the following:
A. For purposes of this section, the term "district" has the meaning set forth in section 7252 of the State Revenue and Taxation Code to the extent such a district may have taxing powers within the City's jurisdiction under applicable law. For example, and without limitation, the County of Los Angeles is a district for purposes of this section.
B. The City will suspend collection of the taxes authorized by this article so long as a district does not place a measure on the ballot seeking voter authorization for a new or increased retail transactions and use tax.
C. Should a district place a transaction and use tax on the ballot as contemplated by subsection B of this section, then the City will commence the process for collection of the taxes authorized by this article on the first day on the month that the election on the tax will take place.
D. Should the ballot measure contemplated by subsection C of this section fail to become effective, then, notwithstanding any other provision of this article, the City will suspend collection of the taxes, or suspend the process for collection of the taxes, authorized by this article.
E. Nothing in this section is intended to, nor will it, limit the number of times the City may suspend or implement tax collection authorized by this article based upon the actions contemplated in subsections B through C of this section.
F. Revenue from any taxes collected between the time periods contemplated by subsections B through C of this section may be retained by the City for general purposes and need not be refunded. (Ord. 20-O-2821RP, eff. 1-22-2021)