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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br /> PROJECT TITLE: An Ordinance <br /> Relating to Business and Occupation <br /> Tax, amending Ordinance No. 2810-04 <br /> (Chapter 3.24 EMC), as amended <br /> Briefing COUNCIL BILL# <br /> Proposed Action Originating Department Finance <br /> Consent Contact Person Susy Haugen <br /> Action Phone Number X8612 <br /> First Reading FOR AGENDA OF 11/28/12 <br /> Second Reading <br /> Third Reading <br /> Public Hearing <br /> Budget Advisory Initialed by: <br /> Department Head <br /> CAA <br /> Council President % <br /> Location Preceding Action Attachments <br /> Department(s) Approval <br /> Ordinance Legal <br /> Amount Budgeted -0- <br /> • <br /> Expenditure Required -0- Account Number(s): <br /> Budget Remaining -0- <br /> Additional Required -0- <br /> DETAILED SUMMARY STATEMENT: <br /> In 2003,the Legislature enacted RCW Chapter 35.102, which requires cities with local Business & <br /> : Occupation(B&O)taxes to implement a B&O tax model ordinance with certain mandatory provisions. State <br /> law further requires subsequent changes to the mandatory provisions of the model ordinance to be adopted <br /> by cities with the same effective date. <br /> A city workgroup met earlier this year to update the model ordinance to include changes to RCW 35.102 and <br /> other changes in state law since it was last updated. These changes impact the following areas: <br /> 1) Digital goods definitions&apportionment <br /> 2) Board of director licensing and tax <br /> 3) Special allocation and apportionment provisions for city contracts <br /> 4) Insurance business preemption <br /> 5) First mortgage deduction <br /> The mandatory effective date for these revisions is January 1,2013. <br /> RECOMMENDATION: Adopt Ordinance relating to Business and Occupation Tax, amending Ordinance <br /> No. 2810-04 (Chapter 3.24 EMC), as amended. <br /> • <br /> 1 <br />