Ord. 20609 - Laserfiche WebLink

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(1)Revenues from the construction excise tax will be allocated to fund programs, incentives, and services related to the housing of households earning 100 percentof area medium income and below, and in accordance with state law. (2)Upto 4 percentof the taxes collected may be retained by the city for payment toward the city’s administrative expenses related to collection and distribution of the construction excise tax. 3.740Construction Excise Tax – Interest and Penalties. In addition to assessing any civil penalties, if the city manager determines that a person has failed to pay to the city all or any part of the construction excise tax due under section 3.732of this code, interest shall be due on the entire unpaid amount, assessed at the rate of .833 percent simple interest per month or fraction thereof (10 percent per annum), computed from the original due date of the tax. 3.742Construction Excise Tax – Implementing Rules. The city manager may adopt administrative rules pursuant to section 2.019 of this code for implementation of sections 3.732, 3.734, 3.736, 3.738, 3.740, 3.744, 3.746 and3.748of this code, the billing and collection of the construction excise tax due thereunder,and enforcement of those provisions. 3.744Construction Excise Tax – Appeal. Any person aggrieved by any decision under this code may appeal the decision in the manner provided in section 2.021 of this code. The appeal shall be heard and determined as provided in section 2.021 of this code. 3.746Construction Excise Tax – Violations. No person required to pay a construction excise tax under section 3.732of this code may fail to state or to misstate the full value of the improvement. 3.748Construction Excise Tax – Program Review.Beginning in 2021, and every two years thereafter, the city council shall review the overall management and outcomes of the construction excise tax program. Section 2. The System Development Charges (SDCs) of persons required to pay the construction excise tax pursuant to Section 3.732will be calculated in accordance with City Code and the City’s adopted SDC Methodology. However, for the period of July 1, 2019 through June 30, 2021, the amount of the construction excise tax the person paid pursuant to Section 3.732 will besubtracted from the total amount of City-imposedSDCs the person owes.The person will owe the total City-imposed SDC amount remaining after the construction excise tax is subtracted. Also, the person will owe in its entirety the Regional Wastewater SDC. If the amount of the construction excise tax the person paidpursuant to Section 3.732exceedsthe total amount of City-imposedSDCs owed, the excess construction excise taxpaidwill be subtracted from a permit fee the person owes. Ordinance - Page 3 of 4