Chapter 8.14
Real Estate Sale Excise Tax

Sections:

8.14.010 Tax Levied.

8.14.020 Administration.

8.14.010 Tax Levied.

A.  To provide funding for the capital improvements program fund and to establish eligibility for participation in the Washington State Public Works Assistance Account pursuant to chapter 446, Laws of 1985, section 12 (RCW 43.155.050), there is imposed, as authorized by RCW 82.46.010(2), an excise tax on each sale of real property in the city at the rate of one-quarter of one percent of the selling price.

B.  To provide for financing capital projects specified in a capital facilities plan element of a comprehensive plan developed under the Growth Management Act (RCW chapter 36.70A), there is imposed, as authorized by RCW 82.46.035(2), an additional excise tax on each sale of real property in the city at the rate of one-quarter of one percent of the selling price. The revenues generated by this tax shall be deposited in a separate account.

[Ord. C31191; Passed: 12/19/1994]

8.14.020 Administration.

A.  The definitions, procedures and administrative provisions of RCW chapter 82.45 and the rules and regulations of the state department of revenue apply to the tax imposed by this chapter.

B.  As provided in RCW 82.46.030, the county treasurer collects this tax and retains one percent of the proceeds. The remaining proceeds are placed in the capital improvement program fund.

[Ord. C28211; Passed: 11/25/1985]