ORDINANCE NO._______________

BOARD OF SUPERVISORS, COUNTY OF SAN MATEO,

STATE OF CALIFORNIA

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AN ORDINANCE AMENDING ORDINANCE 04223 PROVIDING FOR THE CONTINUATION OF THE SAN MATEO TRANSPORTATION AUTHORITY, THE EXTENSION OF THE ONE-HALF OF ONE PERCENT RETAIL TRANSACTIONS AND USE TAX, THE ISSUANCE OF LIMITED TAX BONDS AND FOR OTHER PURPOSES

The Board of Supervisors of the County of San Mateo, State of California, ORDAINS as follows:

SECTION 1. Section 5 of Ordinance No. 04223 is amended to read as follows:

SECTION 5. Transactions and Use Tax Rate of One-Half of One Percent.

For the privilege of selling tangible property at retail, a tax is hereby imposed upon all retailers in the incorporated and unincorporated territory of this County at the rate of one-half of one percent of the gross receipts of any retailer from the sale of all tangible personal property sold at retail in this County on and after January 1, 2009. This tax shall be imposed for a maximum period of twenty-five (25) years beginning January 1, 2009 through December 31, 2033.

SECTION 2. Section 7 of Ordinance No. 04223 is amended to read as follows:

SECTION 7. Use Tax, Rate of One-Half of One Percent, and Term.

An excise tax is hereby imposed on the storage, use or other consumption in this County of tangible personal property purchased from any retailer on and after January 1, 2009 for storage, use or other consumption in this County at the rate of one-half of one percent of the sales price of the property. The sales price shall include delivery charges when such charges are subject to state sales or use tax regardless of the place to which delivery is made. This tax shall be imposed for a maximum period of twenty-five (25) years beginning January 1, 2009 through December 31, 2033.

SECTION 3. Section 18 of Ordinance 04223 is amended to read as follows:

SECTION 18. Operative Date; Period of Tax Imposition.

This ordinance relates, in substantial part, to the levying and collecting of the Authority's retail transaction and use taxes and will become effective at the close of the polls on the day of election at which the Proposition in Section 12 is adopted by a two-thirds (2/3) majority vote of the electors voting on the Proposition, except that the tax imposed under this ordinance, which extends the tax imposed under Ordinance 03135, will become operative on January 1, 2009 or upon the first day of the calendar quarter following the execution of a contract with the State Board of Equalization pursuant to Section 4 hereof, whichever last occurs. The maximum period during which the tax will be imposed is the twenty-five (25) year period from January 1, 2009 through December 31, 2033.

SECTION 4. This Ordinance shall be effective thirty (30) days from the passage date thereof.

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