Chapter 3.32
AFFORDABLE HOUSING SALES TAX FUND
Sections:
3.32.050 Administration and collection.
3.32.070 Contract with Department of Revenue.
3.32.010 Fund established.
There is hereby established a special revenue fund for the city of Bonney Lake, to be known as the “affordable housing sales tax fund,” into which shall be deposited all monies received for affordable and supportive housing imposed by this chapter as authorized by RCW 82.14.540. (Ord. 1636 § 1, 2019).
3.32.020 Imposition.
There is imposed a sales and use tax for affordable and supportive housing as authorized by RCW 82.14.540 upon every taxable event occurring within the city as defined in RCW 82.14.020. (Ord. 1636 § 1, 2019).
3.32.030 Rate.
The rate of tax imposed by BLMC 3.32.020 shall be 0.0073 percent of the selling price in the case of a sales tax, or value of the article used in the case of a use tax. The tax imposed under this section shall be deducted from the amount of tax otherwise required to be collected or paid to the Department of Revenue under Chapter 82.08 or 82.12 RCW. (Ord. 1636 § 1, 2019).
3.32.040 Use of fund.
Proceeds from the sales and use tax for affordable and supportive housing imposed by this chapter shall be used only for the purposes provided in RCW 82.14.540(6). The city may enter into an interlocal agreement with one or more counties, cities, or public housing authorities in accordance with Chapter 39.34 RCW and RCW 82.14.540(10). (Ord. 1636 § 1, 2019).
3.32.050 Administration and collection.
The administration and collection of the tax imposed by this chapter shall be in accordance with the provisions of RCW 82.14.540. (Ord. 1636 § 1, 2019).
3.32.060 Expiration.
The tax imposed under this chapter shall expire 20 years after the date on which the tax is first imposed. (Ord. 1636 § 1, 2019).
3.32.070 Contract with Department of Revenue.
The mayor or designee is authorized to enter into a contract with the Department of Revenue for the administration of this tax. (Ord. 1636 § 1, 2019).