Chapter 3.24
SALES OR USE TAX FOR AFFORDABLE HOUSING
Sections:
3.24.020 Credit against state’s share of tax.
3.24.030 Administration and collection.
3.24.040 Creation of revenue fund.
3.24.010 Imposition.
There is hereby imposed an additional sales or use tax, as the case may be, as authorized by RCW 82.14.540, upon every taxable event, as defined in RCW 82.14.020, occurring in the city. The tax shall be imposed upon and collected from those persons from whom the state sales tax or use tax is collected pursuant to Chapters 82.08 and 82.12 RCW but will be credited against the state’s share of the tax. Moneys collected under this section must be used solely, as required by RCW 82.14.540, and as hereinafter amended, for the purpose of acquiring, rehabilitating, or constructing affordable housing, which may include new units of affordable housing within an existing structure or facilities providing supportive housing services under RCW 71.24.385, or funding the operation and maintenance of new units of affordable housing or supportive housing or for providing rental assistance to tenants. (Ord. 1890 § 1, 2020).
3.24.020 Credit against state’s share of tax.
The rate of the tax shall be .0073 percent of the selling price or value of the article used, as the case may be. (Ord. 1890 § 2, 2020).
3.24.030 Administration and collection.
The administration and collection of the tax imposed shall be in accordance with the provisions of RCW 82.14.050 and the administration and collection of the sales or use tax imposed shall be in accordance with the provisions of RCW 82.14.540. (Ord. 1890 § 3, 2020).
3.24.040 Creation of revenue fund.
(a) There is hereby established a special revenue fund for the city of Omak, to be known as the “affordable housing sales tax fund,” into which shall be deposited all moneys received from a portion of sales and use taxes otherwise required to be collected and paid to the Department of Revenue pursuant to legislation enacted by the 2019 Washington State Legislature.
(b) This fund has been established to receive that portion of sales and use tax credited back to the city to use for the acquisition, construction or rehabilitation of affordable housing or facilities providing supportive housing, and for the operations and maintenance costs of new units of affordable or supportive housing and, if eligible, for providing rental assistance to tenants.
(c) Any unexpended funds remaining in the affordable housing sales tax fund at the end of a budget period shall not be transferred to the general fund or otherwise lapse, but funds shall be carried forward from year to year until expended for a purpose set forth in subsection (b) of this section. (Ord. 1890 § 4, 2020).
3.24.050 Expiration.
Pursuant to RCW 82.14.540, the ordinance codified in this chapter shall expire twenty years after the effective date of the ordinance codified in this chapter. (Ord. 1890 § 5, 2020).