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ORDINANCE N0. �
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APt ORDINKNCE OF THE CITY OF RENTON, WASHINGTON, r�MENDING
SECTIONS 5-104 and 5-107 OF TITLE V (BUSINESS REGULATIONS) ��,
QF ORDINANCB N0. 1628 ENTITLED "CODE OF GENERAL �RDIN4NCES �
OF THE CITY OF RENTON" RELATING TO UTILITY TtiXES AND
EXEMPTIONS THEREP'ROM.
8� IT ORDAINBD BY THE MAYOR AND THE CITY COUNCIL OF TIiE CITX OF RENTON,
WASIi21`1GTON, t�S FOLLO�r75;
SECTION I: 'r;xisting Sectfon 5-104 of Title V (Business �tegulations) of
Ordiaance No. 1623 eatitled '"Cvde of General Ordinances of the Cfty of Rentoa'° is
her�iby amended to read as follows:
Section 5-104 as amended: CERTAIN PUBLIC UTILITIES SUBJECT TO TAX:
(A) I� addition to the foregoin� license fees there are hereby levfed
' upoa sad shall be collected fram the persons engaged in certain business actfvities
occupation taxes in the amounts to be determined by the application of the raCes
herein sCated a�aiast grosg income as follows:
1. Upoa every person enga�ing fn carrying on a te],ephone business within
or partiy withia the City, an aunual fee or tax for the privflege o� so doing equai
''� • t�eo per ceat (2�j of the tota2 gross subscribers' station exchaage reveaues from
business and resideace telephone service (excluding meseage uaitsj in th� CiCy during
Che tax year for which a licease is required.
2. Upon every person engaging ia carrying on a telegraph business a fee
or Cax equa2 to two per cent (2�) of the total gross iacome from such busiaess in
the City duriag the tax year for which a license is required.
3. Upon every persoa eagaging in or carryiag on the business of selliag,
furaishiag, distributing or producit►g gaseous $as for coaunerci:l or domestic use or
purpose, a fee or Cax equal to two per cent (2�) of the total gross iacome from such �,
'-••�in�ess in the City duriag the tax year for which a licease is required.
4. Upon every person engaging in or carrying on the busiaess of selliag,
furnishing or distributiag electricity for light and power, a fee or tax equal to
two per ce�t (2�) of the total gross income from such busiaess !.n Che CiCy dnring
the tax year for which a license is required.
(8) In campuCing said tax as hereinbe�are provided the taxpaper may deducC
�'�. computing gross income the following items:
1. The actual amount of crediC losses aad uncoHecxiblessustained by ths
� taxpayer.
2. Amowats derived from transactians in interstate and foreign cou�erce
which the Cit fs rohib�ted from Caxin ynder the Laws and Constitution of the United
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SECTION II: Existiag SecCfon 5-107 of Title V (Business Re�ulatione) of
Ordinance No. 1.G28 is hereby amended by adding a subaection thereto as follows;
Subsection (H) of 5-107 •(EXEMPTZONS) Natioaal Banks, State banks,
trust companies, mutual saviags banks, building and loan and savings and loaa
associations with respect to thQir banking; trust or savings and loaa business;
but this exemption shall not apply to any other business taxable hereunder engaged ��
by aay of the fc=agoing institutions, even though such other busfness be conducted
primarily for the purpose of Iiquidating the assets thereof.
SECTION IZI: This Ordinance shall be in fu21 force and effect ot� and
after January 1, 1969 aad after its passage, approval and legal publication.
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PASSED BY THE CI1`Y COLTNCIL t�is ,�� day of T.�,, _:.�'.,�.��968
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' Helmie Nelson, Cfty Clsrk
APPROVED BY TtiE MAYOR this��day of N ^ , 19.�
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` Donald �1: Custer, Mayor
Approved to Form:
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Gerard M. Shellan, City Attorney
Date of publication: DE� 6 1968
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