(1) Pursuant to RCW 36.73.065 and 82.14.0455, there is hereby imposed an additional sales and use tax to be collected from persons who are taxable by the State under Chapters 82.08 and 82.12 RCW, as the same exists or may hereafter by amended, upon the occurrence of any taxable event within the district. The amount of the additional tax shall be one-tenth of one percent of the selling price, in the case of the sales tax, or the value of the article used, in the case of the use tax.

(2) The tax imposed by this section shall apply for a period of 10 years from the date the tax is first collected within the district and shall thereafter cease to be imposed unless renewed with a majority vote of the Covington City Council exercising its authority as the governing body of the district.

(3) The tax imposed by this section shall be in addition to any other taxes authorized by law, including, but not limited to, the sales and use taxes imposed under Chapter 3.10 CMC.

(4) The revenues received from the tax imposed by this section shall be general revenues of the district and shall be used for those purposes set forth in CMC 12.125.040 or as otherwise authorized by law. (Ord. 02-23 § 2)