Title 08 Taxation and Revenue
Chapter 08.14 Real Estate Sale Excise Tax
Section 08.14.010 Tax Levied
- 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.
- To provide for financing capital projects specified in a capital facilities plan element of a comprehensive plan developed under the Growth Management Act (chapter 36.70A RCW), 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.
Date Passed: Monday, May 7, 2007
Effective Date: Wednesday, June 20, 2007
Recodification ORD C34025 Section 1
Section 08.14.010 Tax Levied
- 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.
- To provide for financing capital projects specified in a capital facilities plan element of a comprehensive plan developed under the Growth Management Act (chapter 36.70A RCW), 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.
Date Passed: Monday, May 7, 2007
Effective Date: Wednesday, June 20, 2007
Recodification ORD C34025 Section 1
