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ORD 86-03 TAXATION OF PRIVATELY OWNED PARKING LOTS0045.03004 PMA:jt 12/9/85 ORDINANCE NO. 86-03 AN ORDINANCE OF THE CITY OF WINSLOW, WASHINGTON, AMENDING SECTION 5.04.030 (A) OF THE WINSLOW MUNI- CIPAL CODE RELATING TO THE LICENSING AND TAXATION OF PRIVATELY OWNED PARKING LOTS BY PROVIDING A FOUR-YEAR SCHEDULE FOR THE RAMP DOWN OF THE BUSI- NESS AND OCCUPATION TAX ON PRIVATELY OWNED PARKING LOTS AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City Council has determined that the City's business and occupational tax for privately owned parking lots should be gradually adjusted to reflect the business and occupational tax imposed on all other businesses located within the City, now, therefore, THE CITY COUNCIL OF THE CITY OF WINSLOW, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Section 5.04.050(A) of the Winslow Muni- cipal Code is hereby amended to read as follows: 5.04.030(A) Class I. Privately owned parking lots within the City which charge a fee for parking: The annual license fee shall be $20.00. In addition to the annual license fee, a business and occupational tax shall be imposed and paid equal to the following percent of the gross income received by each business during the previous calendar year: Calendar Tax Rate Year 1986 1987 1988 5 percent of gross income from previous year 2 percent of gross income from previous year 1 percent of gross income from previous year Of this total sum, a sum equal to .04 percent of the gross income received by each business during the previous calendar year shall be deposited in the current expense fund of the City in accordance with the provisions of Section 15.04.150(A). The balance of such sums shall be deposited in the street fund of the Clty in accordance with the provisions of Section 15.04.150(B). From and after January 1, 1989, in addition to the annual license fee, a business and occupation tax shall be imposed and paid equal to the tax imposed on Class 3 businesses, Section 5.04.030(C) and shall be deposited in the current expense fund of the City. Section 2. This ordinance, imposing a business and occupational tax, shall be published in the offlclal newspaper of the City, and shall take effect and be in full force on and after January 1, 1986. APPROVED: MAYOR, ALICE B . TAWRESEY ~ ATTEST/AUTHENTICATED: APPROVED AS TO FORM: OFFICE OF THE CITY ATTORNEY: FILED WITH THE CITY CLERK: December 18, 1985 PASSED BY THE CITY COUNCIL: January 2, 1986 PUBLISHED: January 8, 1986 EFFECTIVE DATE: January 13, 1986 ORDINANCE NO. 86-03 - 2 -