HomeMy WebLinkAbout15-15 - Res. Amending Res. 12-93 Expanding the Use of Real Estate Excise Tax (REET) 1RESOLUTION NO. jL ‘l
A RESOLUTION AMENDING RESOLUTION NO. 12-93 EXPANDING THE USE OF
REAL ESTATE EXCISE TAX (REET 1)
WHEREAS, RCW 82.46.010 authorizes Mason County to impose an excise tax on each sale of real
property in the unincorporated areas of the county at a rate not to exceed one -quarter of one percent of
the selling price;
WHEREAS, RCW 82.46.010 states that the county must identify in the adopted budget the capital
projects funded in whole or in part from the proceeds of this tax and the capital projects must be
specified in a capital facilities plan element of a comprehensive plan;
WHEREAS, the Board of County Commissioners imposed an excise tax on each sale of real property in the
unincorporated areas of the county at a rate not to exceed one -quarter of one percent of the selling price
effective March 1, 1993;
WHEREAS, RCW 82.46.010 was amended in 2011 expanding the uses of the real estate excise tax for the
period of July 22, 2011 until December 31, 2016 allowing a county to use the greater of one hundred
thousand dollars or thirty-five percent of available funds from this tax, but not to exceed one million
dollars per year, for the operations and maintenance of existing capital projects as defined in RCW
82.46.010 (6).
NOW THEREFORE BE IT RESOLVED, that the Board of Mason County Commissioners do hereby expand
the uses of the real estate excise tax as allowed in RCW 82.46.010 (7) and stated above, effective this
date.
APPROVED THIS ItrijiDAY OF AT r' , 2015.
ATTEST:
Almanzor, Clerk of the BoaF5
APPROVED AS TO FORM:
Tim Whitehead, Chief DPA
BOARD OF COUNTY COMMISSIONERS
MASON COUNTY, WASHINGTON
RandNeatherlin, Chair
0.-5. 5
Tim Sheldon, Commissioner
Terri Jeffreys,
in
I loner
J:\RESOLUTIONS & ORDINANCES\RESOLUTIONS -ORDINANCES Word Files\2015\Amends uses of REET 1.docx