Revenue and Taxation Code (RTC)

The Revenue and Taxation Code (RTC) is a set of laws in California that governs how revenue is collected and managed, primarily through taxes. It outlines the rules for different types of taxes, such as property, sales, and income taxes, and provides guidelines for tax assessments, exemptions, and compliance. The RTC is essential for ensuring that tax policies are applied fairly and consistently, helping to fund public services and government operations. Essentially, it serves as the legal framework for the state's tax system, affecting individuals and businesses alike.