RCW 35.86A.110
Excise tax to reimburse taxing authorities for loss of property tax revenue.
Such cities shall pay to the county treasurer an annual excise tax equal to the amount which would be paid upon real property devoted to the purpose of off-street parking, were it in private ownership. This section shall apply to parking facilities acquired and/or operated under this chapter. The proceeds of such excise tax shall be allocated by the county treasurer to the various taxing authorities in which such property is situated, in the same manner as though the property were in private ownership.
[ 1969 ex.s. c 204 § 11.]
Structure Revised Code of Washington
Chapter 35.86A - Off-Street Parking—Parking Commissions.
35.86A.040 - Ownership, control, and use of parking facilities.
35.86A.050 - Parking commission—Creation authorized—Purpose—Membership—Terms—Vacancies—Expenses.
35.86A.060 - Parking commission—Chair—Rules—Resolutions.
35.86A.070 - Powers and authority of parking commission.
35.86A.080 - New off-street parking facilities—Powers of parking commission and city council.
35.86A.090 - Powers of cities.
35.86A.100 - Disposition of revenues—Expenditure procedure.
35.86A.110 - Excise tax to reimburse taxing authorities for loss of property tax revenue.
35.86A.120 - Operation of parking facilities—Bid requirements and procedure.