Chapter 3.08
LEASEHOLD EXCISE TAX
Sections:
3.08.030 Administration and collection.
3.08.050 Access to state records.
3.08.060 Authority to contract with state.
3.08.010 Imposed – Payment.
A. There is levied and shall be collected a leasehold excise tax upon the act or privilege of occupying or using publicly owned real or personal property of the city through a “leasehold interest” as defined by RCW 82.29A.020, the Laws of 1975-76, Second Extraordinary Session, hereafter known as “the State Act.”
B. The tax shall be paid, collected, and remitted to the State Department of Revenue at the time and in the manner prescribed by RCW 82.29A.050. (Prior code § 1.43.010).
3.08.020 Rates.
The rate of the tax imposed by CMC 3.08.010 shall be four percent of the taxable rent as defined by Section 2 of the State Act; provided, that the following credits shall be allowed in determining the tax payable:
A. With respect to a leasehold interest arising out of any lease or agreement, the terms of which were binding on the lessee prior to July 1, 1970, where such lease or agreement has not been renegotiated as defined by Section 2 of the State Act since that date, and excluding from such credit any leasehold interest arising out of any lease of property covered by the provisions of RCW 28B.20.394, and any lease or agreement including options to renew which extends beyond January 1, 1985, as follows:
1. With respect to taxes due in calendar year 1976, a credit equal to 80 percent of the tax produced by the above rate;
2. With respect to taxes due in calendar year 1977, a credit equal to 60 percent of the tax produced by the above rate;
3. With respect to taxes due in calendar year 1978, a credit equal to 40 percent of the tax produced by the above rate;
4. With respect to taxes due in calendar year 1979, a credit equal to 20 percent of the tax produced by the above rate.
B. With respect to a product lease as defined by Section 2 of the State Act, there shall be a credit of 33 percent of the tax produced by the above rate. (Prior code § 1.43.020).
3.08.030 Administration and collection.
The administration and collection of the tax imposed by this chapter shall be in accordance with the provisions of the State Act. (Prior code § 1.43.030).
3.08.040 Exemptions.
Leasehold interests exempted by Section 13 of the State Act as it now exists or may hereafter be amended shall be exempt from the tax imposed pursuant to CMC 3.08.010. (Prior code § 1.43.040).
3.08.050 Access to state records.
The city consents to the inspection of such records as are necessary to qualify the city for inspection of records of the Department of Revenue pursuant to RCW 82.32.330. (Prior code § 1.43.050).
3.08.060 Authority to contract with state.
The mayor is authorized to execute a contract with the State Department of Revenue for the administration and collection of the tax imposed by CMC 3.08.010; provided, that the city attorney first approves the form and content of the contract. (Prior code § 1.43.060).