Chapter 3.22
SALES AND USE TAX FOR AFFORDABLE AND SUPPORTIVE HOUSING
Sections:
3.22.020 Collection of tax by Department of Revenue.
3.22.030 Distribution by Department of Revenue—Maximum amount of tax.
3.22.060 Interlocal agreements.
3.22.010 Imposition of tax.
Pursuant to RCW 82.14.540, there is hereby imposed a sales or use tax, as the case may be, on all taxable events within the city of Poulsbo defined in RCW 82.14.020, as the same now exists or as hereafter amended or superseded, for the purpose of providing for affordable and supportive housing. The rate of the tax shall be 0.0073 percent. (Ord. 2019-15 § 1, 2019)
3.22.020 Collection of tax by Department of Revenue.
The Washington State Department of Revenue shall deduct the amount of the tax levied in Section 3.22.010 from the amount of sales or use tax otherwise required to be collected or paid to the Department of Revenue under Chapter 82.08 or 82.12 RCW. The Department of Revenue is authorized to collect such taxes on behalf of the city of Poulsbo at no cost to the city. (Ord. 2019-15 § 2, 2019)
3.22.030 Distribution by Department of Revenue—Maximum amount of tax.
The Washington State Department of Revenue shall distribute the proceeds of the tax to the city as provided in RCW 82.14.540, up to the maximum amount provided in such state law. (Ord. 2019-15 § 3, 2019)
3.22.040 Use of tax revenues.
The city may use the revenues from the tax solely for the acquisition, construction or rehabilitation of affordable housing or facilities providing supportive housing, for the operations and maintenance costs of affordable or supportive housing, for providing rental assistance to tenants, or for any other purpose authorized by RCW 82.14.540, as the same now exists or as hereafter amended or superseded. (Ord. 2019-15 § 4, 2019)
3.22.050 Bonds.
RCW 82.14.540 authorizes the city to issue general obligation or revenue bonds to carry out the purposes of such state law and to pledge the moneys collected from the tax for repayment of such bonds. Such bonds, if any, shall be authorized by separate action of the Poulsbo city council. (Ord. 2019-15 § 5, 2019)
3.22.060 Interlocal agreements.
RCW 82.14.540 authorizes cities imposing the tax provided for in this chapter to enter into interlocal agreements with one or more counties, cities, or public housing authorities in accordance with Chapter 39.34 RCW. Such interlocal agreements may include, but are not limited to, pooling the tax receipts, pledging those taxes to bonds issued by one or more parties, and allocating the proceeds of the taxes levied or bonds issued in accordance with such interlocal agreement. Such interlocal agreements, if any, shall be authorized by separate action of the Poulsbo city council. (Ord. 2019-15 § 6, 2019)
3.22.070 Reporting.
The city shall report annually to the Washington State Department of Commerce on the collection and use of the tax revenues. The report shall be in such form and contain such content as the Department of Commerce shall prescribe by rule. The mayor or her designee shall prepare the annual report and provide a copy to the Poulsbo city council at the time the same is filed with the state. (Ord. 2019-15 § 7, 2019)
3.22.080 Expiration of tax.
The tax imposed by this chapter shall expire twenty years from the date the ordinance codified in this chapter becomes effective. (Ord. 2019-15 § 8, 2019)