Chapter 4.29
SALES AND USE TAX – CREDIT AGAINST PRIOR TAX

Sections:

4.29.010    Affordable and Supportive Housing Sales Tax Credit – Definitions.

4.29.020    Affordable and Supportive Housing Sales Tax Credit – Imposition.

4.29.030    Affordable and Supportive Housing Sales Tax Credit – Rate.

4.29.040    Affordable and Supportive Housing Sales Tax Credit – Deduction.

4.29.050    Affordable and Supportive Housing Sales Tax Credit – Expiration.

4.29.010 Affordable and Supportive Housing Sales Tax Credit – Definitions.

"Nonparticipating City," "Nonparticipating County," "Participating City," "Participating County," and "Qualifying Local Tax" shall have the definitions provided in Section 1, Chapter 338, Laws of 2019. (Ord. 2019-57s § 1 (part), 2019)

4.29.020 Affordable and Supportive Housing Sales Tax Credit – Imposition.

Pierce County is a participating county under Chapter 338, Laws of 2019. There is authorized, fixed and imposed a sales and use tax on every taxable event, as defined in RCW 82.14.020, in nonparticipating cities and participating cities identified in Chapter 338, Laws of 2019, as appropriate for taxation by a participating county. There is also authorized, fixed and imposed a sales and use tax on every taxable event, as defined in RCW 82.14.020, in unincorporated Pierce County for the time period identified as appropriate for taxation by a participating county under Chapter 338, Laws of 2019. 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 and may only be used for affordable and supportive housing purposes as provided in Chapter 338, Laws of 2019. (Ord. 2019-57s § 1 (part), 2019)

4.29.030 Affordable and Supportive Housing Sales Tax Credit – Rate.

The rate of the tax imposed by PCC 4.29.020 shall be the maximum rate permitted counties under Chapter 338, Laws of 2019. (Ord. 2019-57s § 1 (part), 2019)

4.29.040 Affordable and Supportive Housing Sales Tax Credit – Deduction.

The tax imposed under this Section 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. 2019-57s § 1 (part), 2019)

4.29.050 Affordable and Supportive Housing Sales Tax Credit – Expiration.

The tax imposed by this Chapter expires 20 years after the date on which the tax is first imposed. (Ord. 2019-57s § 1 (part), 2019)