ORDINANCE NO. 284

AN ORDINANCE OF THE TOWN OF SOUTH PRAIRIE, PIERCE COUNTY, WASHINGTON ENACTING THE MAXIMUM ALLOWABLE EXCISE TAX RATE, COLLECTED BY PIERCE COUNTY, PAYABLE TO THE TOWN OF SOUTH PRAIRIE.

Whereas, in recent years the state legislature has authorized cities and towns to impose an additional percentage on real estate excise tax to be collected by the county and payable to the town. The Town of South Prairie has not previously taken advantage of the funds that have been authorized to be collected and paid to it through real estate excise tax, and

Whereas, the town, due to financial necessity, desires that the maximum amount of real estate excise tax be collected by the county and paid to the town, which includes two different authorizations for collection of one quarter of one percent for a total of one half of one percent additional excise taxes to be collected by the county and payable to the town for real estate transactions involving real estate located within the town, and

Whereas, the collection of these funds, as authorized by state law, will benefit the public health, safety and welfare of the town.

Now, therefore, the Town Council of the Town of South Prairie, Pierce County, Washington do ordain as follows:

Section 1: In accordance with state law, the town hereby authorizes Pierce County to collect the maximum allowable real

estate excise tax including the state authorized town share and pay the said amount to the town.

Section 2: If any provision of this ordinance, or the state provisions referred to by this ordinance are invalid or unenforceable for any reason, the remaining provisions shall remain in full force and affect.

Section 3: This ordinance shall take affect and be in force five (5) days from and after its passage, approval and publication as required by law.

Attested:

_____________

Karen K Barnhart

Town Clerk

Michael J. Reynolds

Town Attorney