Title 07 Finance
Chapter 07.08 Funds
Article II. Special Revenue Funds
Section 07.08.124 Real Estate Excise Tax Fund
- Under the authority of RCW 82.46.035(2) there is established a special revenue fund to be known as the “real estate excise tax fund” into which shall be placed all moneys received from the additional one-quarter of one percent excise tax on the sale of real property imposed by Ordinance C31191, SMC 8.14.010(B).
- Moneys in this fund may be accumulated or expended for the purposes of financing capital projects specified in the capital facilities plan element of the comprehensive plan developed under the Growth Management Act.
Date Passed: Monday, May 7, 2007
Effective Date: Wednesday, June 20, 2007
Recodification ORD C34024 Section 1