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File #: 2021-0723    Version: 1
Type: Budget Ordinance Status: Approved
File created: 9/10/2021 In control: Public Hearings
On agenda: 11/9/2021 Final action: 11/9/2021
Title: Ordinance 21-088, relating to use of Real Estate Excise Taxes; Amending SCC 4.12.015
Attachments: 1. Ordinance 21-088, 2. Hearing Packet, 3. Notices and Affidavits of Publication

 

 

Executive/Council Action Form (ECAF)

 

 

ITEM TITLE:

Title

Ordinance 21-088, relating to use of Real Estate Excise Taxes; Amending SCC 4.12.015

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DEPARTMENT:  Finance

 

ORIGINATOR:  Jim Woodard

 

EXECUTIVE RECOMMENDATION:  Approved-Ken Klein 09/28/21

 

PURPOSE: This action amends SCC 4.12.015 Real Estate Excise Tax

 

BACKGROUND: The proposed amendment incorporates several recent changes the legislature has made to chapter 82.46 RCW for Real Estate Excise Tax, while at the same time making accommodation for any future amendments the legislature may make to chapter 82.46 RCW.

 

FISCAL IMPLICATIONS:

EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU

CURRENT YR

2ND YR

1ST 6 YRS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

 

 

 

 

REVENUE: FUND, AGY, ORG, REV, SOURCE

CURRENT YR

2ND YR

1ST 6 YRS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

 

 

 

DEPARTMENT FISCAL IMPACT NOTES:  Click or tap here to enter text.

 

CONTRACT INFORMATION:

ORIGINAL

 

CONTRACT#

 

AMOUNT

 

AMENDMENT

 

CONTRACT#

 

AMOUNT

 

 

Contract Period

ORIGINAL

START

 

END

 

AMENDMENT

START

 

END

 

 

OTHER DEPARTMENTAL REVIEW/COMMENTS:  Approved-Finance Nathan Kennedy 09/28/21