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• <br /> 1 ORDINANCE NO./c3,/,/1—f <br /> 2 AN ORDINANCE levying an excise tax on the sale of real property; <br /> 3 providing for the use of such revenue; specifying an effective date; <br /> prescribing procedures for collection; and adopting Chapter 82.45 <br /> 4 RCW. <br /> 5 WHEREAS, the state legislature passed and the Governor signed Engrossed <br /> 6 Senate Bill 4972, Chapter 49, 1st Ex. Sess., Laws of 1982, providing for an excise tax on <br /> 7 real estate sales at a rate of one-quarter of one percent of the selling price of such real <br /> 8 estate; and <br /> 9 WHEREAS, Section 13(2) of the same 1982 act limits the use of revenue <br /> 10 generated by such tax to municipal capital improvements; and <br /> 11 WHEREAS, the City Council finds that it would be in the best interests of the <br /> 12 City of Everett to impose the tax authorized by the state legislature for improvements <br /> 13 as authorized in RCW 35.43.040; <br /> 14 NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> 15 Section 1: REAL ESTATE EXCISE TAX. <br /> 16 A. There is hereby levied and imposed an excise tax on each sale of real <br /> 17 property within the corporate limits of the City of Everett at a rate of one-quarter of <br /> 18 one percent (0.25%) of the selling price of said real property. <br /> 19 B. Said excise tax shall be collected from those persons who are taxable by <br /> 20 the State of Washington under Chapter 82.45 RCW upon the occurrence of any taxable <br /> 21 event within the corporate limits of the City. <br /> 22 C. Said excise tax shall comply with all applicable rules, regulations, laws <br /> 23 and court decisions regarding real estate excise taxes as imposed by the State of <br /> 24 Washington under Chapter 82.45 RCW and Chapter 458-61 WAC. <br /> 25 Section 2: LIEN. <br /> 26 The real estate excise tax and interest or penalties thereon shall constitute a <br /> 27 specific lien upon each piece of real property sold from the time of sale until the tax is <br /> 28 paid, which lien may be enforced in the manner prescribed for the foreclosure of <br /> 29 mortgages. <br /> 30 Section 3: SELLER'S OBLIGATION. <br /> 31 The excise tax shall be the obligation of the seller of the real property and may <br /> 32 be enforced through an action of debt against the seller or in the manner prescribed for <br />