1222_00001ORDINANCENO.1222
ANORDINANCEENACTINGA NEWCHAPTER3.27 OF THEMOSESLAKEMUNICIPALCODEENTITLED"REALESTATEEXCISE TAX:1986"
THE CITY COUNCILOF THE CITY OF MOSESLAKE,WASHINGTONDOORDAINAS FOLLOWS:
Section 1.Chapter 3.27 of the Moses Lake Municipal Code entitled "Real Es-I tate Excise Tax:-1986"shall read as follows:
3.27.010 Imposition of Real Estate Excise Tax:There is hereby imposed arealestateexcisetaxasauthorizedbyRCW82.46.010(1),uponeverytaxableevent,as defined in RCW82.46.010(3),occurringwithintheCityofMosesLake.The tax shall be imposed upon andcollectedfromthosepersonswhoaretaxablebythestateunderRCWChapter82.45.
3.27.020 Rate of Tax Imposed:The rate of tax imposed by Section 3.27.010ofthisordinanceshallbe1/4 of 1%of the selling price of therealestatesold.
3.27.030 Payment and Collection of Tax:The payment and collection of thetaximposedbythisordinanceshallbeinaccordancewiththepro-visíons of RCW82.14.060 and RCW82.46.030(1).
3.27.040 Distribution and Disposi.tion of Tax Proceeds:The distributionanddispositionoftaxproceedscollectedasaresultoftheimpositionofthetaxbythisordinanceshallbeinaccordancewiththeprovisionsofRCW82.14.030(2).
3.27.050 Referendum:This ordinance shall be subject to a referendum peti-tion procedure as provided for in RCW82.46.021.
I 3.27.060 Severability:If any provision of this ordinance or its applica-tion to any person or circumstances is held invalid,the remainderofthisordinanceortheapplicationoftheprovisionstootherpersonsorcircumstancesisnotaffected.
Section 2:This ordinance shall take effect and be in force on January 1,
Adopted by the City Council and signed by its Mayor on November 25,1986.
City blerk
APPROVEDAS TO FORM
ty Attorney
Publish:EfäÑmber1,}986