§ 1206 Memorial District Tax Allocation

This law says that any taxes you owe for a memorial district must be sent to the county treasury and then put into the right memorial district fund, depending on what the tax is for.

Key Takeaways

•All memorial district taxes are first sent to the county treasury.
•The money is then credited to either the bond retirement fund or the general memorial district fund.
•Which fund gets the money depends on what the tax is supposed to cover.

Example

A homeowner lives in a memorial district and pays property tax each year.

If the tax is meant to pay off bonds the district issued, the money goes into the memorial district bond retirement fund. If the tax is for other district needs, it goes into the regular memorial district fund.

Taxes shall be paid into the county treasury to the credit of the memorial district bond retirement fund or to the credit of the memorial district fund, as the purpose of the tax determines. (Enacted by Stats. 1935, Ch. 389.)

This law says that any taxes you owe for a memorial district must be sent to the county treasury and then put into the right memorial district fund, depending on what the tax is for.

Key Takeaways

•All memorial district taxes are first sent to the county treasury.
•The money is then credited to either the bond retirement fund or the general memorial district fund.
•Which fund gets the money depends on what the tax is supposed to cover.

Example

A homeowner lives in a memorial district and pays property tax each year.

Key Takeaways

Example

Key Terms

References

§ 1206 Memorial District Tax Allocation

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References