Chapter 3.06
SALES AND USE TAX FOR AFFORDABLE AND SUPPORTIVE HOUSING
Sections:
3.06.010 Imposition of sales and use tax for affordable and supportive housing.
3.06.010 Imposition of sales and use tax for affordable and supportive housing.
A. Tax Imposed. There is imposed a sales and use tax pursuant to RCW 82.14.540 upon every taxable event, as defined in Chapter 82.14 RCW, occurring within the City of Spokane Valley. The tax shall be imposed upon and collected from those persons from whom the Washington State sales or use tax is collected pursuant to Chapters 82.08 and 82.12 RCW, as adopted or amended.
B. Tax Rate. The rate of the sales and use tax imposed by SVMC 3.06.010 shall be 0.0073 percent of the selling price or value of the article used, and shall expire 20 years from the date on which it is first imposed, or at such time as allowed by law. In the event the City adopts a qualifying local tax pursuant to RCW 82.14.540(1)(e), as adopted or amended, then the sales and use tax imposed by SVMC 3.06.010(B) may be increased by an additional 0.0073 percent, or as otherwise authorized by RCW 82.14.540, as adopted or amended.
C. Deduction from State Tax Receipts. The sales and use tax imposed pursuant to SVMC 3.06.010 shall be deducted from the amount of tax otherwise required to be collected or paid to the Washington State Department of Revenue pursuant to Chapter 82.08 or 82.12 RCW, as adopted or amended. The Department of Revenue shall perform the collection of such taxes on behalf of the City and remit any qualifying funds to the City at no cost to the City. The maximum amount to be received by the City from this sales and use tax credit in each year shall be equal to the taxable retail sales within the City limits in state fiscal year 2019 multiplied by the tax rate or such other amount as allowed by law. The city manager is authorized to enter into or modify any agreement with the Department of Revenue for the administration of this tax. (Ord. 20-002 § 2, 2020).
3.06.020 Use of tax receipts.
Revenue received by the City from the sales and use tax authorized by Chapter 3.06 SVMC shall be used for the purposes set forth in RCW 82.14.540, as adopted or amended, which may include use of authorized funds in conjunction with one or more regional governmental entities through an interlocal agreement. Any such use of pooled funds pursuant to interlocal agreement shall also comply with all requirements of RCW 82.14.540, as adopted or amended. (Ord. 20-002 § 2, 2020).