A. There is hereby imposed an additional sales and use tax, separate and apart from any other sales and use tax imposed by this chapter, upon every taxable event occurring in the city, for housing and related services as authorized by RCW 82.14.530.
B. As used in this section, the term “taxable event” has the meaning set forth in RCW 82.14.020.
C. The rate of the sales and use tax imposed by this section shall be one-tenth of one percent of the selling price, in the case of a sales tax, or the value of the article used, in the case of a use tax.
E. Moneys collected from the tax shall be used solely for the purposes authorized by RCW 82.14.530, as now exists or as hereafter amended.
F. As provided in RCW 82.14.530, if Clark County subsequently imposes a sales and use tax for housing and related services as authorized by such statute, the county shall provide a credit against its tax for the full amount of the tax imposed by the city.
G. Funds collected shall be deposited into an affordable housing sales tax fund. (Ord. M-4314 § 1, 2020)