HomeMy WebLinkAboutord2005-058WMTCOM COUNTY COUNCIL AGENDA BILL Nn 2005 -267
CLEARANCES
Initial
Date
Date Received in Council Office
Agenda Date
Assi ned to:
Originator.
q
-
6/21/2005
Introduction
Drvrs:on Head:
7/12/2005
finance /Counc
Dept. Head:
Bn
anus
Prosecutor:
Purchasing. Bud et:
Executive:
TITLE OF DOC MENT.• Creating a fund titled "Real Estate Excise Tax Electronic Technology Fund
ATTACHMENTS: Ordinance, SSHB1240
SEPA review required? ( ) Yes ( x ) NO Should Clerk schedule a hearing ? { ) Yes (x ) NO
SEPA review completed? ( ) Yes ( x ) NO Requested Date:
SUMMARY STATEMENT OR LEGAL NOTICE LANGUAGE: (If this item is an ordinance or requires a public
hearing, you must provide the language for use in the required public notice Be specific and cite RCW or WCC as appropriate.
Be clear in explaining the intent of the action.)
This ordinance creates a new fund The fee will be collected through the real estate excise tax and monies
are to be used to develop, implement, and maintain an electronic processing and reporting system jor real
estate excise tax affidavits.
COMMITTEE ACTION.•
7/12/2005: Coirmittee recamiends approval
COUNCIL ACTION:
6/21/2005: Council Introduced
7/12/2005: Adopted 7 -0, Ord. #2005 -058
Related County Contract ##:
Related File Numbers:
Ordinance or Resolution
Number: Ord, #2005 -058
'1
SPONSORED BY: canscot
PROPOSED BY: Treasurer
INTRODUCTION DATE: 6/21
ORDINANCE NO. 2005 -058
CREATING A FUND TITLED "REAL ESTATE EXCISE
TAX ELECTRONIC TECHNOLOGY FUND"
WHEREAS, Second Substitute House Bill 1240 was passed by the 59`h Legislature of
Washington State during their 2005 Regular Session and further signed by Governor Gregoire
on May 16, 2005, which authorizes the establishment of the "Real Estate Excise Tax Electronic
Technology" Fund; and,
WHEREAS, SSHB 1240 authorizes the county treasurer to collect an additional fee on
all real estate excise transactions beginning July 1, 2005, to be deposited into the Real Estate
Excise Tax Electronic Technology Fund;
NOW, THEREFORE, BE IT ORDAINED by the Whatcom County Council that a new
fund is created and shall be titled "Real Estate Excise Tax Electronic Technology Fund'
Monies in this fund are to be used exclusively for the development, implementation, and
maintenance of an electronic processing and reporting system for real estate excise tax
affidavits. Be it further ordained that any funds held in the account that are not expended by
July 1, 2015, revert to the county capital improvements fund in accordance with RCW
82.46.010.
APPROV� � •day of
a poor.
0 Iry
ATg �Q0 COY '� $
Dana
+nrrIIIIItir
APPROVED AS TO FORM:
Ci cuting Attorney
2005.
WHATCOM COUNTY
WHATCOM COUNTY, WASHINGTON
Laurie Caskey - Schreiber, Chair
Pete Kre en, xecutive
Date: Yf Sj05