Chapter 3.20
LEASEHOLD EXCISE TAX
Sections:
3.20.030 Administration and collection.
3.20.060 Contract execution authorized.
3.20.010 Levied.
There is levied and shall be collected a leasehold excise tax on and after January 1, 1977, upon the act or privilege of occupying or using publicly owned real or personal property within the city through a “leasehold interest” as defined by Section 2, Chapter 61, Laws of 1975-76, Second Extraordinary Session, hereafter “the State Act.” The tax be paid, collected and remitted to the Department of Revenue of the state at the time and in the manner prescribed by Section 5 of the State Act. (Prior code §3.02.010)
3.20.020 Rates.
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 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 property covered by the provisions of RCW 28B.20.394 and any lease or agreement including options to renew which extends beyond April 1, 1986, as follows:
1. With respect to taxes due in calendar year 1976, a credit equal to eighty percent of the tax produced by the above rate;
2. With respect to taxes due in calendar year 1977, a credit equal to sixty percent of the tax produced by the above rate;
3. With respect to taxes due in calendar year 1978, a credit equal to forty percent of the tax produced by the above rate;
4. With, respect to taxes due in calendar year 1979, a credit equal to twenty 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), a credit of thirty-three percent of the tax produced by the above rate. (Ord. 987 §1, 1988; prior code §3.02.020)
3.20.030 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 §3.02.030)
3.20.040 Exemption.
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 Section 3.20.010. (Prior code §3.02.040)
3.20.050 Records inspection.
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 §3.02.050)
3.20.060 Contract execution authorized.
The mayor is authorized to execute a contract with the department of revenue of the state for the administration and collection of the tax imposed by Section 3.20.010; provided, that the city attorney shall first approve the form and content of said contract. (Prior code §3.02.060)