AB 2484: San Diego Metropolitan Transit System: transactions and use tax: voter initiatives.

This bill aims to amend the Public Utilities Code to allow the San Diego Metropolitan Transit System to impose a transactions and use tax of up to 0.5% for public transit purposes within its jurisdiction, subject to voter approval. The tax rate would not be considered when calculating the combined rate of all taxes allowed under the transactions and use tax law. The bill also provides for reimbursement to local agencies and school districts if the commission on state mandates determines that the bill contains costs mandated by the state.