HomeMy WebLinkAbout3420Ordinance No. 3420
["Beginning July 1, 1998"]
(Amending or Repealing Ordinances)
Amends Ord. 3418
Repealed by Ord. 3592
ORDINANCE NO. 3 L/01 0
AN ORDINANCE of the City Council of the City of
Kent, Washington, making corrective amendments to
Ordinance No. 3418 authorizing the assessment and
collection of an additional Real Estate Excise Tax of one
quarter of one percent for the purpose of financing capital
projects specified in the Capital Facilities Plan element of
City's Comprehensive Plan.
WHEREAS, RCW 82.46.035 authorizes municipalities such as the City of
Kent to impose an additional excise tax of one-quarter of one percent on the sales price of
real property sold within the City; and
WHEREAS, pursuant to Ch. 82.46 RCW, revenues generated from this tax
shall be used for financing capital projects specified in the capital facilities plan element
of the City's Comprehensive Plan; and
WHEREAS, the City Council adopted Ordinance No. 3418 to impose such
a tax for financing of capital facilities in the City of Kent; and
WHEREAS, Ordinance No. 3418 did not reference the specific statutory
provision that authorizes the additional one quarter of one percent real estate excise tax,
thereby requiring the following amendment to Ordinance No. 3418; NOW THEREFORE,
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES
HEREBY ORDAIN AS FOLLOWS:
Rea[ Estate Excise Tax
SECTION 1. Chapter 3.24 entitled "Real Estate Excise Tax" is here
amended as follows:
Chapter 3.24 Real Estate Excise Tax
Sec. 3.24.010. Levied - amount. Effective November 1, 1998, lzpursuant to RCW
82.46.944035, there is hereby imposed an additional excise tax on each sale of real property
within the corporate limits of the City. The rate of the additional tax imposed under this
chapter shall be one-quarter of one percent of the selling price on each sale of real property.
The taxes imposed under this chapter shall be collected from persons who are taxable by
the State under Ch. 82.45 RCW and Ch. 458-61 WAC, upon the occurrence of any taxable
event, as defined therein, within the corporate limits of the City.
Sec. 3.24.020. Consistency with state tax. The taxes imposed under this chapter
shall comply with all applicable rules, regulations, laws, and court decisions regarding real
estate excise taxes imposed by the State under Ch. 82.45 RCW and Ch. 458-61 WAC. The
provisions of those chapters shall apply as though fully set forth herein.
Sec. 3.24.030. Use of tax proceeds. All proceeds received by the City from the
taxes imposed under this chapter shall be used by the City for financing capital projects
specified in the capital facilities plan element of the City's comprehensive plan pursuant
to Ch. 82.46 RCW.
Sec. 3.24.040. Collection and administration. The taxes imposed under this
chapter shall be paid to and collected by the Treasurer of King County in the manner
provided by and consistent with State and local law. The Treasurer of King County shall
act as agent for the city for the purposes of collection and administration of the tax.
SECTION 2. - Severability. If any one or more sections, subsections, or
sentences of this Ordinance are held to be unconstitutional or invalid, such decision shall
not affect the validity of the remaining portion of this Ordinance and the same shall
in full force and effect.
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SECTION 3. - Effective Date. This ordinance shall take effect and be
force thirty (30) days from and after its passage, approval and publication as provided
law.
ATTEST:
BRENDA JACOBM, CITY CLERK
APPROVED AS TO FORM:
ROGER A.
PASSED: 1-5 day of
APPROVED: /4 day of
PUBLISHED:1f day of
1998.
1998.
1998.
I hereby certify that this is a true copy of Ordinance No.3T o, passed
by the City Council of the City of Kent, Washington, and approved by the Mayor of the
City of Kent as hereon indicated.
AL)
BRENDA JA BE ,CITY CLERK
P: U.AW\ORDINANC\realesudetaxZ due
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