Chapter 3.08
LEASEHOLD EXCISE TAX1
Sections:
3.08.020 Leasehold interest defined.
3.08.030 Measure – Taxable rent defined.
3.08.040 Collection – Effective date.
3.08.010 Established – Rate.
There is established a four percent leasehold excise tax on the act or privilege of occupying or using publicly owned real or personal property through a leasehold interest. [Ord. 428, 1976; Ord. 424 § 1, 1976].
3.08.020 Leasehold interest defined.
“Leasehold interest” is defined as including any interest granting possession and use less than fee simple arising from a lease, permit, license, or other agreement (whether written or verbal) between a public owner of the property and a person who would pay property taxes if the person were the owner. [Ord. 424 § 2, 1976].
3.08.030 Measure – Taxable rent defined.
The measure of the tax is “taxable rent,” which generally is the contract rent paid to the lessor (or to another for the benefit of the lessor) for the use or occupation of the property, including expenditures for the protection of the lessor’s interest and expenditures for improvements which become the property of the lessor. [Ord. 424 § 3, 1976].
3.08.040 Collection – Effective date.
Such tax shall be collected by the lessor from the lessee and paid over to the State Department of Revenue on monthly tax returns. Payment of such tax shall become due and payable effective January 1, 1976. [Ord. 424 § 4, 1976].
For statutory provisions on a leasehold excise tax, see Chapter 82.29A RCW.