Title
Agenda Item:
Amendment to the Model B&O Ordinance - Title 5 of the Olympia Municipal Code
Body
Issue:
Title 5 of the Olympia Municipal Code needs to be updated in order to comply with State mandated changes to the Model Tax Ordinance. Also, the code should be updated to make penalty language consistent among chapters, and tax return due dates for gambling taxes should be consistent with due dates for other taxes.
Committee Recommendation:
To be developed.
City Manager’s Recommendation:
Recommend the amendment as proposed to the full council.
Staff Contacts:
Bill Sampson, Accounting Supervisor, Administrative Services Department, 360.753.8473
John T. Holmes, Tax and License Accountant, Administrative Services Department, 360.753.8448
Presenter(s):
Bill Sampson and John T. Holmes
Background and Analysis:
In 2003, the State Legislature enacted legislation requiring all cities with Business and Occupation (B & O) taxes to use the State Model Ordinance as a standard to ensure consistency in tax collection and administration. The City of Olympia must comply, and must update its B & O tax ordinances to match changes to the Model Ordinance to legally collect B & O taxes. The City has received the Model Ordinance changes for 2012, reviewed the current City ordinance (Title 5, OMC), and made provisional changes for the Committee review. The 2012 changes to the Model Ordinance must be adopted by January 1, 2013 in order for the City to continue collecting B & O taxes. The required changes are in six areas, listed below.
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· Board of Director licens...
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