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1063, Local Sales and Use Taxes CITY OF YELM ORDINANCE NUMBER 1063 AN ORDINANCE OF THE CITY OF YELM RELATING TO LOCAL SALES AND USE TAXES; AUTHORIZING THE MAXIMUM CAPACITY OF THE TAX AUTHORIZED UNDER THE PROVISIONS OF RCW 82.14.540 (SUBSTITUTE HOUSE BILL 1406) FOR AFFORDABLE AND SUPPORTIVE HOUSING AND RENTAL ASSISTANCE FOR COLLECTION BEGINNING JANUARY 1, 2020;AMENDING TITLE 3 OF THE YELM MUNICIPAL CODE TO CREATE A NEW FUND;AND AMENDING, DELETING,AND ADDING NEW SECTIONS TO TITLE OF THE YELM MUNICIPAL CODE AS MORE PARTICULARLY DESCRIBED HEREIN Whereas, in 2019 Washington State enacted Substitute House Bill 1406 ("SHB 1406"), a revenue sharing program with local governments for affordable housing which is intended to encourage investments In affordable and/or supportive housing, and which is codified at Section 82.14.540 RCW; and Whereas, Section 82.14.540 RCW 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 or facilities providing supportive housing, and for the operations and maintenance costs of affordable or supportive housing; and Whereas, the tax will be credited against state sales taxes collected within the City of Yelm and, therefore, will not result in higher sales and use taxes within Yelm and will represent an additional source of funding to address housing needs in Yelm; and Whereas, the tax must be used to assist persons whose income is at or below sixty percent of the median income in the City of Yelm; and Whereas, the City has established a Homelessness Task Force which will be providing a report to the City Council quantifying the scope of the homeless and houseless issue in Yelm along with recommendations as to how the City may facilitate solutions; Whereas, in 2019, the City Council of the City of Yelm adopted updates to the Unified Development Code, Title 18 Yelm Municipal Code to reduce barriers to achieve affordable housing; and Whereas, the City Council of Yelm has determined that imposing the sales and use tax to address this need will benefit its citizens;and Whereas, the City on January 14, 2020 adopted Resolution No. 604, declaring its intent to adopt an ordinance authorizing the tax allowed by RCW 82.14.540; and Whereas, through a credit against state retail sales and use taxes, the program allows the City to authorize and collect a local sales and use tax, estimated to be $15,000 annually,for the acquisition, construction or rehabilitation of affordable housing or facilities providing supportive housing, and for the operations and maintenance costs of affordable or supportive housing, and If eligible, for providing rental assistance to tenants, with no increase In sales or use tax for the consumer; and Whereas,the revenues may be used to finance grants or loans to non-profit organizations or public housing authorities to carry out these provisions. The City may enter into Interlocal agreements with other cities or municipal corporations in the execution of these provisions; and WHEREAS,thecreditagainststateretailsalesorusetaxescanben place for a maximum of twenty (20)years and will represent an additional source of fundingtoaddresshousingneeds IntheCity;and WHEREAS, the state legislation requires the City adopt an ordinance authorizing the tax within twelve(12)months of the effective date of RCW82.14.540,or byJuly 28,2020;and WHEREAS, the tax is considered to be restricted revenue subject to reporting requirements and audit review for compliance; Now THEREFORE BE IT ORDAINED by the City Council of the City of Yelm, does ordain as follows: Section 1. A new Section 3.34.025, Credit against state's share of tax - sales or use tax for affordable housing- Imposition 3.34.025 Credit against state's share of tax - sales or use tax for affordable housing - Imposition. There is imposed an additional sales or use tax, as the case may be, separate and apart from the tax referred to in YMC 3.32.010, 3.32.020, 3.34.010, and 3.34.020, as authorized by RCW 82.14.540, upon every taxable event, as defined in RCW 82.14.020, occurring in the city. The tax shall be imposed upon and collected from those persons from whom the state sales tax or use tax is collected pursuant to Chapters 18.08 and 82.12 RCW but will be credited against the state's share of the tax. Moneys collected under this section must be used solely, as required by RCW 82.14.540 and as hereinafter amended, for the purpose of acquiring, rehabilitating, or construction 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, or funding the operation and maintenance of new units of affordable housing or supportive housing for providing rental assistance to tenants. Section 2. A new section 3.34.026 Credit against state's share of tax - Sales or use tax for affordable housing - Rate. 3.34.026 Credit against state's share of tax - Sales or use tax for affordable housing - Rate. The rate of the tax imposed by YMC 3.34.025 shall be .0073 percent of the selling price or value of the article used, as the case may be. Section 3. Section 3.34.030 of the Yelm Municipal Code is hereby amended to read as follows: 3.34.030 Administration and collection. The administration and collection of the tax imposed by YMC 3.34.010 this chapter shall be in accordance with the provisions of RCW 82.14.050. and the administration and collection of the sales or use tax imposed by YMC 3.34.025 shall be in accordance with the provisions of RCW 82.14.540. Page 2 of 4 Section 4. A new section 3.34.035 Distribution 3.34.035 Distribution City Council shall, after review and recommendation from the Finance Committee, disburse funds to support affordable housing projects. The Finance Committee shall review requests for funding for projects that: a) Are used for(i) acquiring, rehabilitating, or constructing 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; (ii)funding the operations and maintenance costs of new units of affordable or supportive housing; or(iii) for providing rental assistance to tenants. b) The housing and services provided under YMC Section 3.34.025 may only be provided to persons whose income is at or below 60 percent of the median income of the County. c) In determining the use of funds under TMC Section 3.14.020,the City must consider the income of the individuals and families to be served,the leveraging of the resources made available under YMC Section 3.34.025, and the housing needs within the City. Section 4. Section 3.24.050 of the Yelm Municipal Code is hereby deleted in its entirety. 3.34.050 Contract with state. The mayor and clerk/trcccurcr of the city arc authorized to enter into a contract with tax. (Ord. 281 § 5, 1983). Section 5. A new Chapter 3.90 Affordable Housing Sales Tax Fund is hereby added to the Yelm Municipal Code to read as follows: Chapter 3.90 Affordable Housing Sales Tax Fund. Sections: 3.90.010 Fund created. 3.90.010 Affordable Housing Sales Tax Fund. A. There is hereby established a special revenue fund for the city of Yelm,tobeknown as the"Affordable HousingSalesTax Fund,"into which shall be deposited all monies received from a portion of sales and usetaxes otherwise required tobecollected and paid tothe departmentof revenue pursuant to legislation enacted bythe2019Washington State Legislature. B. This fund has been established to receivethat portion of sales and use tax credited back to the city for use the acquisition, construction or rehabilitation of affordable housing orfacilities providing supportive housing,and for the operations and maintenance costs of new units of affordable or supportive housing, and If eligible,for providing rental assistance to tenants. Page 3 of 4 C. Anyunexpendedfundsremaininglntheaffordablehousingsalestaxfund at the end of a budget period shall not be transferred to the general fund or otherwise lapse,butfunds shallbecarriedforwardfromyeartoyear until expended fora purposesetforth h subsection B of thissection. Section 6. If any provision of this Ordinance or its application to any person or circumstance is held invalid, the remainder of the Ordinance or the application to other persons or circumstances is not affected. Section 8. This Ordinance shall be in full force and effect after its passage, approval, and publication as provided by law. Passed by the City Council of Yelm this 28th day of July, 2020. JW Foster, Mayor Authenticated: AtAteAg Lori Lucas, City Clerk PUBLISHED: August 6, 2020 Effective Date: August 11, 2020 Page 4 of 4