Chapter 3.30


3.30.010    Definitions

3.30.020    Imposition of Sales and Use Tax for Affordable Housing

3.30.030    Purpose of Tax

3.30.040    Reporting

3.30.050    Expiration

3.30.010 Definitions.

“Participating city” is a city that imposes a sales and use tax in accordance with the terms of RCW 82.14.540.

“Taxable event” means any retail sale, or any use, upon which a state tax is imposed pursuant to Chapter 82.08 or 82.12 RCW, as they now exist or may hereafter be amended. However, the term does not include a retail sale taxable pursuant to RCW 82.08.150, as now or hereafter amended. (Ord. 1082, Sec. 1, 2020)

3.30.020 Imposition of Sales and Use Tax for Affordable Housing.

(a)    Imposition. The City of Lake Stevens is a participating city. Pursuant to RCW 82.14.540, there is authorized, fixed and imposed a sales and use tax on every taxable event. The tax shall be imposed upon and collected from those persons from whom the State sales or use tax is collected pursuant to Chapters 82.08 and 82.12 RCW.

(b)    Rate. The rate of the tax imposed by this chapter shall be the maximum rate permitted cities under RCW 82.14.540.

(c)    Deduction. The tax imposed under this chapter must be deducted from the amount of tax otherwise required to be collected or paid to the Department of Revenue under Chapter 82.08 or 82.12 RCW. (Ord. 1082, Sec. 1, 2020)

3.30.030 Purpose of Tax.

(a)    The City may use the moneys collected by the tax imposed under Section 3.30.020 or bonds issued only for the following purposes:

(1)    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; and

(2)    Providing the operations and maintenance costs of new units of affordable or supportive housing; and

(3)    Providing rental assistance to tenants.

(b)    The housing and services may only be provided to persons whose income is at or below 60 percent of the median income of the City. (Ord. 1082, Sec. 1, 2020)

3.30.040 Reporting.

The Finance Director or designee shall report on the collection and use of the revenue from the tax imposed by this chapter annually, to the Department of Commerce. (Ord. 1082, Sec. 1, 2020)

3.30.050 Expiration.

The tax imposed by this chapter expires 20 years after the date on which the tax is first imposed. (Ord. 1082, Sec. 1, 2020)