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The rate of tax imposed by Section 3.34.010 shall be four percent of the taxable rent as defined by RCW 82.29A.020; provided, however, that the following credits shall be allowed in determining the tax payable:

A. With respect to a product lease as defined by RCW 82.29A.020, a credit of thirty-three percent of the tax produced by the above rate. (Ord. 1128 § 1 (part), 1983).