a. Imposition of Real Estate Excise Tax.

As authorized by Section II(1) of Chapter 49, Laws of Washington, 1982, First Extraordinary Session, there is imposed a tax of one-quarter of one percent of the selling price on each sale of real property within the corporate limits of the city of Vancouver.

b. As authorized by Section 38 of Chapter 17, Laws of Washington, First Extraordinary Session, 1990 as amended, there is imposed an additional tax of one-quarter of one percent of the selling price on each sale of real property within the corporate limits of the city of Vancouver. This tax shall be in addition to, and not in lieu of, the tax imposed in subsection a of this section. (Ord. M-3251 §1, 1996: Ord. M-2318 §1, 1982)