Chapter 3.32
LEASEHOLD EXCISE TAX

Sections:

3.32.010    Imposition.

3.32.020    Tax rate.

3.32.030    Agreement.

3.32.040    Adoption by reference.

3.32.050    Severability.

3.32.010 Imposition.

There is hereby levied and shall be collected a leasehold excise tax on and after June 1, 1993 upon the act or privilege of occupying or using publicly owned real or personal property within the city of Stanwood through a “leasehold interest”, as defined by Chapter 82.29A RCW. The tax shall be paid, collected and remitted to the Department of Revenue of the state of Washington. (Ord. 872 § 1, 1993).

3.32.020 Tax rate.

(1) The rate of tax imposed by SMC 3.32.010 shall be four percent of the taxable rent, as provided in RCW 82.29A.040.

(2) With respect to a product lease, a credit of 33 percent of the tax produced by the above rate. (Ord. 872 § 1, 1993).

3.32.030 Agreement.

The mayor is authorized to execute a contract with the Department of Revenue of the state of Washington for the administration and collection of the tax imposed by RCW 3.32.010; provided, that the city attorney shall first approve the form and content of said contract. (Ord. 872 § 1, 1993).

3.32.040 Adoption by reference.

The city hereby adopts by reference Chapter 82.29A RCW, Leasehold Excise Tax. (Ord. 872 § 1, 1993).

3.32.050 Severability.

If any provision of this chapter, or its application to any person or circumstance is held invalid, the remainder of the chapter or the application of the provision to other persons or circumstances is not affected. (Ord. 872 § 1, 1993).