(1) Each municipality imposing a tax under chapter
67.28 RCW [this chapter] shall submit a report to the department of commerce on October 1, 1998, and October 1, 2000. Each report shall include the following information:
(a) The rate of tax imposed under chapter
67.28 RCW [this chapter];
(b) The total revenue received under chapter
67.28 RCW [this chapter] for each of the preceding six years;
(c) A list of projects and activities funded with revenue received under chapter
67.28 RCW [this chapter]; and
(d) The amount of revenue under chapter
67.28 RCW [this chapter] expended for each project and activity.
(2) The department of commerce shall summarize and analyze the data received under subsection (1) of this section in a report submitted to the legislature on January 1, 1999, and January 1, 2001. The report shall include, but not be limited to, analysis of factors contributing to growth in revenue received under chapter
67.28 RCW [this chapter] and the effects of projects and activities funded with revenue received under chapter
67.28 RCW [this chapter] on tourism growth.