Monorail Tax Waning

Cohen, Jackie
May 2006
Bond Buyer;5/19/2006, Vol. 356 Issue 32385, p33
Trade Publication
The article reports that Washington State Department of Licensing has decided to stop collecting the 1.4% vehicle excise tax for the Seattle Monorail Project that begins with any registration sticker expiring after June 30. It was stated by Brad Benfield, media relations manager for the department. Proceeds from the final collections of vehicle registration fees will be utilized to pay off the last of the monorail authority's outstanding line of credit with Bank of America.


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