The annual determination required of the State Board of Equalization pursuant to subdivision (b) of Section 30123 shall be made based on the wholesale cost of tobacco products as of March 1, and shall be effective during the state’s next fiscal year.
Cal. Rev. & Tax. Code § 30126
Cigarette and Tobacco Products Surtax
Added November 8, 1988, by initiative Proposition 99
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.