Drafter
Clerk 11/01/2016
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AN ORDINANCE relating to revenues from the sales and use tax on retail car rentals, amending the name and uses of the fund receiving such revenues; and amending Ordinance 12076, Section 26, as amended, and K.C.C. 4A.200.810, and Ordinance 10454, Sections 1 through 2, as amended, and K.C.C. 4A.500.200.
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STATEMENT OF FACTS:
1. King County imposes a one-percent retail rental car sales and use tax allowed by RCW 82.14.049. The statute allows proceeds of the tax to be used solely for the following purposes: (a) acquiring, constructing, maintaining, or operating public sports stadium facilities; (b) engineering, planning, financial, legal, or professional services incidental to public sports stadium facilities; (c) youth or amateur sport activities or facilities; or (d) debt or refinancing debt issued for the purposes of RCW 82.14.049(1).
2. Under subsection RCW 82.14.049(2), at least seventy-five percent of the tax proceeds must be used to service the debt on the stadium until the debt is fully retired.
3. In 2016, King County fully retired its debt on the Kingdome Stadium.
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Ordinance 12076, Section 26, as amended, and K.C.C. 4A.200.810 are each hereby amended to read as follows:
A. There is hereby created the youth and amateur sports ((facilities grant)) fund.
B. The fund shall be a first tier fund. It is a special revenue fund.
C. The director of the department of natural resources and parks shall be the manager of the fund.
D. The fund shall be used ((to develop, renovate or repair sports facilities primarily serving persons under twenty-one years of age in low and moderate income communities within county via an annual request for proposal process integrated as much as possible with the community development block grant program)) for youth or amateur sports activities or facilities. Administrative costs shall be minimized and leveraging of moneys from ot...
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