H-3465.2 _______________________________________________
HOUSE BILL 2727
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State of Washington 55th Legislature 1998 Regular Session
By Representatives Dunn and Sump
Read first time 01/19/98. Referred to Committee on Finance.
AN ACT Relating to a sales and use tax on new commercial or industrial construction; adding a new section to chapter 82.14 RCW; and providing an effective date.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. A new section is added to chapter 82.14 RCW to read as follows:
(1) The legislative body of any county or any city is authorized to levy and collect a special excise tax not to exceed six and one-half percent on the sale of materials used in the construction of new commercial or industrial structures, or to sales or charges made for labor and services rendered in respect to installing such materials in new commercial or industrial structures.
(2) The tax imposed under subsection (1) of this section shall be deducted from the amount of tax otherwise required to be collected or paid over to the department under chapter 82.08 or 82.12 RCW. The department shall perform the collection of the taxes on behalf of the county or city at no cost to the county or city.
(3) Moneys collected under this section shall only be used for the purpose of financing public facilities in the county or city where it was collected.
(4) Any county ordinance or resolution adopted under this section shall contain a provision allowing a credit against the county tax for the full amount of any city tax imposed under this section upon the same taxable event.
(5) As used in this section, "public facilities" has the same meaning as in RCW 36.70A.030.
NEW SECTION. Sec. 2. This act takes effect July 1, 1998.
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