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1 (b) The maximum amount for a city equals the taxable retail sales <br />2 within the city in state fiscal year 2019 multiplied by the tax rate <br />3 imposed under subsection (1) of this section. <br />4 (5) The tax must cease to be distributed to a county or city for <br />5 the remainder of any fiscal year in which the amount of tax exceeds <br />6 the maximum amount in subsection (4) of this section. The department <br />7 must remit any annual tax revenues above the maximum to the state <br />8 treasurer for deposit in the general fund. Distributions to a county <br />9 or city meeting the maximum amount must resume at the beginning of <br />10 the next fiscal year. <br />11 (6)(a) If a county has a population greater than four hundred <br />12 thousand or a city has a population greater than one hundred <br />13 thousand, the moneys collected or bonds issued under this section may <br />14 only be used for the following purposes: <br />15 (i) Acquiring, rehabilitating, or constructing affordable <br />16 housing, which may include new units of affordable housing within an <br />17 existing structure or facilities providing supportive housing <br />18 services under RCW 71.24.385; or <br />19 (ii) Funding the operations and maintenance costs of new units of <br />20 affordable or supportive housing. <br />21 (b) If a county has a population of four hundred thousand or less <br />22 or a city has a population of one hundred thousand or less, the <br />23 moneys collected under this section may only be used for the purposes <br />24 provided in (a) of this subsection or for providing rental assistance <br />25 to tenants. <br />26 (7) The housing and services provided pursuant to subsection (6) <br />27 of this section may only be provided to persons whose income is at or <br />28 below sixty percent of the median income of the county or city <br />29 imposing the tax. If the median income of a city enacting the tax <br />30 under this section is not available from the United States census <br />31 bureau, the housing and services provided pursuant to subsection (6) <br />32 of this section may only be provided to persons whose income is at or <br />33 below sixty percent of the median income of the county in which the <br />34 city is located. <br />35 (8) In determining the use of funds under subsection (6) of this <br />36 section, a county or city must consider the income of the individuals <br />37 and families to be served, the leveraging of the resources made <br />38 available under this section, and the housing needs within the <br />39 jurisdiction of the taxing authority. <br />p. 4 SHB 1406 <br />134 <br />