HomeMy WebLinkAboutORD 3768 CITY OF RENTON, WASHINGTON
ORDINANCE NO. 3768
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON,
LEVYING A TAR ON THE GROSS REVENUES OF THE CITY
OF RENTON' S WATER AND SEWER UTILITIES
WHEREAS the City of Renton has charged unto the water and
sewer utilities a tax in lieu of other leviable taxes at a rate of
1 1/2% of the plant value of the utilities , and
WHEREAS the City of Renton feels that a gross revenue tax
would be more equitable, NOW THEREFORE
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN
AS FOLLOWS :
SECTION I : The 1 1/2% tax on plant value previously levied
as a tax in lieu of other leviable taxes is hereby repealed.
SECTION II : There is hereby established a gross receipts
tax on the water and sewer utilities payable by those utilities
to the Finance Department of the City of Renton at the rate of 6%
of the operating rate revenue of the water, sewer and Metro charges
of those utilities .
SECTION III : This Ordinance shall be effective upon its
passage , approval and five days after publication.
PASSED BY THE CITY COUNCIL this.19th day of December, 1983 .
Maxine E. Motor , City Clerk
APPROVED BY THE MAYOR thisl9th day of December, 1983.
Barbara Y: Shinpdch, Mayor
Approved as to form:
Lawrence J .Wart6n, City Attorney
Date of Publication: December 23, 1983