Drafter
Clerk 08/15/2019
Title
AN ORDINANCE relating to declaring the intent of the metropolitan King County council to adopt legislation to authorize a sales and use tax for affordable and supportive housing in accordance with Chapter 338, Laws of Washington 2019, and other matters related thereto; and declaring an emergency.
Body
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Findings:
A. In the 2019 Regular Session, the Washington state Legislature approved, and the Governor signed, Substitute House Bill 1406, which became Chapter 338, Laws of Washington 2019 ("the Act").
B. The Act authorizes the governing body of a city or county to impose a local sales and use tax for the acquisition, construction or rehabilitation of affordable housing, which may include new units of affordable housing within an existing structure or facilities providing supportive housing services under RCW 71.24.385, and for the operations and maintenance costs of new units of affordable or supportive housing ("the tax").
C. The tax will be credited against state sales taxes collected within King County and, therefore, will not result in higher sales and use taxes within King County and will represent an additional source of funding to address affordable housing needs in King County.
D. The metropolitan King County council has determined that imposing the sales and use tax to address this affordable housing need will benefit the county's citizens.
E. In order for a city or county to impose the tax by January 28, 2020, which is six months after the Act's effective date, the governing body must adopt a resolution of intent to authorize the maximum capacity of the tax, and by July 28, 2020, which is twelve months after the Act's effective date, must adopt legislation to authorize the maximum capacity of the tax.
F. This ordinance constitutes the resolution of intent required by the Act.
G. The additional funding from the state under the Act would provide a vita...
Click here for full text