Chapter 3.15
LEASEHOLD EXCISE TAX
Sections:
3.15.040 Exemptions and credits.
3.15.010 Definitions.
The terms “leasehold interest” and “taxable rent” shall be as defined in RCW 82.29A.020. (Ord. 19-89 § 1, 1989).
3.15.020 Levy.
There is hereby levied and shall be collected a leasehold excise tax on the act or privilege of occupying or using real or personal property owned by the city through a leasehold interest at a rate of four percent of the taxable rent. (Ord. 19-89 § 2, 1989).
3.15.030 Collection.
The leasehold excise tax referred to in this chapter shall be collected by the city pursuant to RCW 82.29A.050. (Ord. 19-89 § 3, 1989).
3.15.040 Exemptions and credits.
There shall be an exemption from the tax imposed in BMC 3.15.020 as provided in RCW 82.29A.130 and 82.29A.135. These shall be a credit against the tax imposed in BMC 3.15.020 as provided in RCW 82.29A.120. (Ord. 19-89 § 4, 1989).