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HomeMy WebLinkAbout3947 Ordinance ORDINANCE NO. 319 ! AN ORDINANCE of the City of Pasco, Washington, imposing an additional excise tax on each sale of real property in the corporate limits of the City of Pasco at a rate of one-quarter of one percent of the selling price and amending Chapter 3.06 of the Pasco Municipal Code. WHEREAS, pursuant to RCW 82.46.010 the City of Pasco imposes an excise tax on each sale of real property in the corporate limits of the City at a rate not exceeding one-quarter of one percent of the selling price; and WHEREAS, Franklin County and neighboring cities in the area impose an excise tax on each sale of real property at the rate of one-half of one percent, and WHEREAS, the City Council, after study and deliberation has concluded that the growth of the City and the number of capital improvement projects in the City's Capital Improvement Plan, requires the City to impose the additional one-quarter of one percent tax in order to continue the provision of necessary City services; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. The City of Pasco, pursuant to RCW 82.46.035, hereby imposes an additional excise tax on each sale of real property in the corporate limits of the City at a rate of one-quarter of one-percent of the selling price, which tax shall be codified in the Pasco Municipal Code under Chapter 3.06, and that Chapter 3.06 is hereby amended to read as follows: CHAPTER 3.06 REAL ESTATE EXCISE TAXES Sections: 3.06.010 ESTABLISHMENT OF REAL ESTATE EXCISE TAX, USE OF PROCEEDS 3.06.015 ESTABLISHMENT OF ADDITIONAL REAL ESTATE EXCISE TAX, USE OF PROCEEDS 3.06.020 COLLECTION OF TAXES 3.06.030 RULES, REGULATIONS, LAWS AND COURT DECISIONS 3.06.050 FUND CREATED 06.060 USE OFF n. D 3.06.010 ESTABLISHMENT OF REAL ESTATE EXCISE TAX. There is established and imposed an excise tax on each sale of real property in the corporate limits of the City at a rate of one-quarter of one percent of the selling price. (Ofd. 2594 See. 1, 19864 Proceeds from the tax imposed by this Section shall be used only for local improvements, including those listed in RCW 35.43.040. 3.06.015 ESTABLISHMENT OF ADDITIONAL REAL ESTATE EXCISE TAX. Effective March 1, 2010, in accordance with RCW 82.46.035, and in addition to the excise tax on each sale of real property in the corporate limits of the City as imposed by Section 3.06.010, there is hereby imposed an additional excise tax on each sale of real property located within the corporate limits of the City of Pasco at the rate of one-quarter of one percent of the selling price. Proceeds from the additional tax shall be ex ended as authorized by law under RCW 82.46.03 5 5 solely for public works ro'ects of the City for P1 mnJ ng, ac uisition construction reconstruction re air replacement rehabilitation or improvement of streets roads highw a s sidewalks street and road light s stems traffic signals, bridges, domestic waters stems storm and sanitn sewers stems and tannin construction reconstruction re air rehabilitation or improvement of parks. 3.06.020 COLLECTION OF TAXES. Taxes imposed under this Chapter shall be collected from persons who are taxable by the State of Washington under Chapter 82.45 RCW upon the occurrence of any taxable event within the corporate limits of the City. (Ord. 2594 Sec. 1, 1986.) 3.06.030 RULES, REGULATIONS, LAWS AND COURT DECISIONS. The taxes imposed under this Chapter shall comply with all applicable rules, regulations, laws and court decisions regarding real estate excise taxes as imposed by the State of Washington under Chapter 82.45 RCW. (Ord. 2594 Sec. 1, 1986.) 3.06.040 REFERENDUM PETITION. Repealed. (Ord. 3557 Sec. 15, 2002; Ord. 2594 Sec. 1, 1986.) 3.06.050 FUND CREATED. There is created a special accounting fund to be known as the "CAPITAL IMPROVEMENTS FUND" into which fund there shall be placed all proceeds received from the County Treasurer from the City of Pasco one quaAef&fenejwfeent real estate excise taxes. Sqparate accounting for the taxes imposed by Section 3.06.010 and 3.06.015 shall be maintained within the Capital Im rovement Fund. 3.06.060 USE OF FUNDS. This effpita4 imffevements fund sW1 be used enly fer- leeal . eats, ineitidifig these listed in RGIA1 . Section 2. The City Clerk is directed to provide notice of the adoption of this ordinance to the Franklin County Treasurer at least sixty (60) days prior to its effective date as required by RCW 82.46.080. PASSED by the City Council of tif City of Pasco, Washington, and approved to be effective March 1, 2010, this -7—day of r 2009. 4ao ATTEST: APPROVED AS TO FORM: Debra L. Clark Leland B. Kerr City Clerk City Attorney Ordinance Amending Chapter 3.06 Page 2