A. Revenues as may be authorized by the city council to accomplish the purposes of Resolution No. 2012-06, as may be amended, shall be deposited into the fund (EDIF).

B. Construction Sales and Use Tax. Sales and use tax revenues are collected based upon the costs incurred from construction activity. The city receives sales and use tax revenues from Washington State for the construction of buildings (account 236); heavy and civil construction (account 237); and specialty trade contractors (account 238) within the city. In addition to revenues authorized for deposit into the EDIF under subsection (A) of this section, the city construction sales and use tax revenues from these accounts in excess of $1,000,000 annually shall be allocated and transferred to the EDIF; provided, that for the calendar year 2020 only, these construction sales and tax revenues shall not be transferred to the EDIF. (Ord. 3382 § 2, 2020; Ord. 3110 § 1, 2015)