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This ordinance amends the Yachats Municipal Code to introduce a construction excise tax aimed at generating funding for affordable housing projects in the City of Yachats, addressing the local housing crisis and fulfilling commitments in the City\'s Comprehensive Plan. It outlines the tax\'s purpose, definitions, exemptions, and the administration of collected funds.
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The Yachats construction excise tax is a tax imposed on construction projects within the city of Yachats, intended to fund public infrastructure improvements and affordable housing.
Anyone who undertakes a construction project within Yachats that is subject to the construction excise tax, typically including contractors and property owners, is required to file.
To fill out the Yachats construction excise tax form, you must provide details about the construction project, including its total cost, type of construction, and other relevant information as specified on the tax form.
The purpose of the Yachats construction excise tax is to generate revenue for funding essential public infrastructure projects and initiatives to promote affordable housing within the community.
The information required includes the project's address, total construction costs, type of construction, and any applicable exemptions or deductions.
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