(A) Sections 35.012(B)(5) and 35.013(B)(4) of this subchapter shall become operative on January 1 of the year following the year in which the State Board of Equalization adopts an assessment ratio for state-assessed property which is identical to the ratio which is required for local assessments by Cal. Rev. and Tax. Code § 401, at which time §§ 35.012(B)(4) and 35.013(B)(3) of this subchapter shall become inoperative.
(B) In the event that §§ 35.012(B)(5) and 35.013(B)(4) of this subchapter become operative and the State Board of Equalization subsequently adopts an assessment ratio for state-assessed property which is higher than the ratio which is required for local assessments by Cal. Rev. and Tax. Code § 401, §§ 35.012(B)(4) and 35.013(B)(3) of this subchapter shall become operative on the first day of the month following the month in which such higher ratio is adopted, at which time §§ 35.012(B)(5) and 35.013(B)(4) of this subchapter shall become inoperative until the first day of the month following the month in which the Board again adopts an assessment ratio for state-assessed property which is identical to the ratio required for local assessments by Cal. Rev. and Tax. Code § 401, at which time §§ 35.012(B)(5) and 35.013(B)(4) shall again become operative and §§ 35.012(B)(4) and 35.013(B)(3) shall become inoperative.
(C) Sections 35.012(B)(5)(b) and 35.013(B)(4)(c) of this subchapter shall be operative on the operative date of any act of the Legislature of the State of California which amends or repeals and reenacts Cal. Rev. and Tax. Code § 7202 to provide an exemption from city sales and use taxes for operators of waterborne vessels in the same, or substantially the same, language as that existing in Cal. Rev. and Tax. Code § 7202, subdivisions (i)(7) and (i)(8), as those subdivisions read on October 1, 1983.
('64 Code, § 21-8.1) (Ord. 443, passed 10-11-73; Ord. 640, passed 12-8-83)