Res60 3251 - Laserfiche WebLink

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~. .... . i' · I I I , "- I I E. Preference. llnless the payor instructs otherwise and except as otherwise provided in this A~eement, the Board shall !';ive no preference in applyin!'; money received for sales and use taxes owed by a taxpayer but shall apply all monies collected to the satisfaction of the claims of the State and the claims of the City as their interests appear. F. Security. The Board agrees that any security which it hereafter requires to be fur- nished under the State Sales and Use Tax Law will be upon such terms that it also will be available for the payment of the claims of the City for local taxes owing to it as its interest appears. The Board shall not be required to change the terms of any security now held by it and the City shall not participate in any security now held by the Board. G. Names of sellers. The Board agrees to furnish the names, .addresses,accountnum- bers, and the business classification codes of all sellers holding sellers' permits within the City. 11. Records of the Board. Subject to executive approval under Section 7056 of the Reve- nue and Taxation Code, the Board agrees to permit authorized personnel of the City to examine the records and procedures of the Board concerning taxpayers subject to the City ordinance. I. Cit), tax rate. The City aKfees that any change in the rate of its conforming local sales and use tax will be made effective at t4e beginnin~ of a calendar quarter and that it will give the Board at least two months' notice thereof and that it will also give notice to the liIoudi of Supervisors of the County in which the City lies. .T. Annexation. The City agrees that the Board shall not be required- to give effect to afti annexation, .for the purpose of collecting and distributing city sales and use taxes,earlier than th~ first day of the calendar quarter which commences not less than two months after notice to the Board. The notice shall include the address of the property nearest to the extended city boundary on every street crossing that boundary. ARTICLE fit ALLOCATION OF TAX A. Deficiency determination. All local taxes collected as a result of determinations or billings made by the Board, and all amounts refunded or credited may be distributed or charged to the respecti ve conCorminl'( taxi nR juri sdictio ns in the same ratio as the taxpayer's self -decl ared local tax for the period for which the determination, billing, ,refund, or credit applies. B. Allocation. When the local tax is collected from or refunded or credited to the following: (1) Retailers having traveling sellers' permits or certificates of authority to collect use tax issued by the Board; . (2) Persons regarded by the Board as retailers pursuant to Section 6015 of the Reve- nue and T aXiltioll Code; (3) Persons for whom no continuing account number was active at the date of pay- ment; or' (4) Other retailers or purchasers having no permanent place of business within the State as determined by the Board; ....21 "lEV. I ,4-'.) .; 2 ..