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CC 05-17-2022 Item No. 41. Proposed Budget - Attachment A - Construction Tax - Apr 2022_Desk Item Date: Adopted per Ordinance #1224, Municipal Code Section 3.32.030 imposes an excise tax for any building, or portion thereof, or any mobile home lot, in the City. Municipal Code Section 3.32.045 requires a quarterly adjustment per the latest publication of ll Urban Consumers All Items published by the United States Department of Labor, Bureau of Labor Statistics. The adjusted fees as of EFFDATE are based on the latest publication of the PUBDATE index. The new CPI is CPINEW the previous CPI was CPIPREV . TAX RATE TABLE Use Previous Tax Rate New Tax Rate Residential, Mobile Homes, Mobile Home Lots per unit per unit Industrial, Office, Commercial, and Quasi- Public per s.f. per s.f. Civil and religious activities in the BQ zone: The tax rate shall be fifty percent (50%) of the rate charged for Industrial, office, commercial, & Quasi-Public: per s.f. per s.f. Hotel and Motel per room per room CONSTRUCTION TAX NOTICE CUPERTINO, CA 95014-3255 (408) 777-3228 -building@cupertino.org