3.30.015 Additional tax imposed – One-quarter of one percent excise tax on real estate sales.
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A. Imposition. There is imposed an excise tax on each sale of real property constituting a taxable event as defined in RCW Ch. 82.45 and occurring within the corporate limits of the City of Redmond. The tax imposed under this section shall be collected from persons who are taxable by the state under RCW Ch. 82.45 and such tax shall comply with all applicable rules, regulations, laws and court decisions regarding real estate excise taxes as imposed by the state under RCW Ch. 82.45.
B. The excise tax so imposed is in addition to the excise tax imposed under RMC 3.30.010 (a) and (b).
C. The additional excise tax shall be collected and distributed in accordance with RMC 3.30.010 (c) and RMC 3.30.020. (Ord. 1628 § 1, 1991).