Bill Summaries: H903 (2015-2016 Session)

Tracking:
  • Bill H 903 (2015-2016)
    Summary date: Apr 20 2015 - View summary

    Enacts a new Article 43A, County Sales and Use Tax, in GS Chapter 105. Allows the county to choose to use this source of revenue to finance local public transportation systems or for general purposes. Allows a board of county commissioners to levy a local sales and use tax of 0.25% by resolution if (1) if a majority of those voting in a special election approve the levy of the local sales and use tax and the county has given not less than 10 days' public notice or(2)if no election has been held within five years in which the tax has been defeated and the county has given not less than 10 days' public notice of and held a public hearing. Provides for the administration of the tax. Requires a tax levied by a county under this Article to reduce, by the amount levied, the tax authorized to be levied by the county under Article 43 (Local Government Sales and Use Taxes for Public Transportation).

    Amends GS 105-506 to make conforming changes. Allows Article 43 (Local Government Sales and Use Taxes for Public Transportation) to be used by counties and transportation authorities to finance local public transportation or for general purposes.

    Amends Article 46 (One-Quarter Cent (1/4΢) County Sales and Use Tax Act)to allow a board of commissioners to levy a local sale and use tax of 0.25% by resolution if: (1)the majority of those voting in a referendum held pursuant to this Articleapprove the levy of the local sales and use tax and the county has given not less than 10 days' public notice or (2)if no election has been held within five years under the provisions of this section in which the tax has been defeated and the county has given not less than 10 days' public notice of and held a public hearing.

    Enacts new Article 47 (One-Quarter Cent (1/4΢) City Sales and Use Tax) in Subchapter VIII of GS Chapter 105. Defines the following terms as they are used in Article 47: (1) city, (2) council, and (3) net proceeds. Allows a city council, by resolution, to levy a city sales and use tax at the rate of 0.25%, in addition to any other state or local sales and use tax. Provides that a city may use the net proceeds of a tax levied under this Article for any public purpose.
    Government, Tax, Local Government
    GS 105

© 2022 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.