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Fund 737 - High Occupancy Vehicle Account

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Authority:
Admin Agency:
Department of Licensing - 2400
Cash Type:
2 - Treasury Trust Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Earnings from Investments are:
See Public Notes section below
Description:
To collect and distribute excise taxes that class AA and certain Class A counties may impose, subject to voter approval, as follows: (a) A fifteen percent surcharge on the state motor vehicle excise tax paid under RCW 82.44.020(1), to be collected by the Department of Licensing; (b) An excise tax of up to two dollars per employee per month on all employers or any class or classes of employers, public and private. If both taxes are imposed the total proceeds from both tax sources each year shall not exceed the maximum amount which could be collected under the motor vehicle surcharge.
Sources of Revenue:
Revenues are not applicable to this fund type
Clientele:
Class AA and A counties
Effective Date:
06/30/1990
Inactive Date:
Public Notes:
Earnings from investments are split per RCW 43.79A.040(4)(c): 80% is retained by this fund; (4)(a): 20% is credited to the general fund.

CAFR Information



Account Code:
737
Account Title:
High Occupancy Vehicle Account
Fund Type:
HD - Agency Funds
Rollup Fund:
KC - Local Government Distributions Fund
Closing GL Code: