Title 08 Taxation and Revenue
Chapter 08.10 Utilities, Franchise Taxes
Section 08.10.045 Credits
- A credit is allowed against any tax imposed pursuant to SMC 8.10.030(A)(2), up to the amount of any natural gas pipeline franchise fee. Said credit may not exceed two percent of gross receipts from the sale of said gas in the City of Spokane.
- Taxpayers providing pager telephone business service, previously classified within a more generic telephone business service class, may claim a credit for taxes paid upon pager service revenues previously taxable under SMC 8.10.030(A)(6), provided this credit may only be taken on such taxes due for tax periods before April 1, 2001, plus interest at six percent per annum on amounts eligible for the credit. In addition, the department must receive a claim for this credit no later than five p.m., December 31, 2001, after which the credit opportunity expires.
- A credit claimed under this section may not exceed the amount of the tax against which it is taken. Such credit must have been actually paid and received by the City before it may be taken. The credit must accrue for the same period for which the tax against which it is taken accrues.
Date Passed: Monday, May 7, 2007
Effective Date: Wednesday, June 20, 2007
Recodification ORD C34025 Section 1