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Allocation of proceeds

Seattle Mun. Code § 5.37.070
in effect
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5.37.070 - Allocation of proceeds A. All revenue received through the tax levied in this Chapter shall be allocated as follows: 1. At least 95% of the tax revenue shall be allocated and promptly transferred to Seattle's Social Housing Developer, the Public Development Authority established by Initiative 135. 2. Up to 5% of the tax revenue may be allocated to administer the tax, but in no event shall the amount so allocated exceed $2,000,000 per year. (Ord. I-137, § 1, 2025.)
Source: City of Seattle, Seattle Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/wa/seattle/codes/municipal_code?nodeId=TIT5REFITA_SUBTITLE_IITA_CH5.37SOHOTA_5.37.070ALPRFetched: 11/1/2026

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5.37.070 | Corpus