Bill Summaries: S26 (2023-2024 Session)

Tracking:
  • Bill S 26 (2023-2024)
    Summary date: Jun 26 2023 - View summary

    Senate committee substitute to the 1st edition makes the following changes.

    Specifies that the additional Sampson County sales and use tax may be imposed without the necessity of a special election. Directs that the tax rate of up to 1% must be levied in an increment of .25%.

    Permits the board of commissioners to, by resolution and without the necessity of a special election, repeal the levy and imposition of the additional local sales and use tax rate authorized by the act. Specifies that any such repeal is not effective until the end of the fiscal year in which the resolution was adopted.

    Specifies that a tax levied under the act becomes effective on the first day of a calendar quarter. For the first levy of a tax under the act, requires the county to provide a minimum of 180 days' notice of the levy to the Secretary of Revenue and at least 90 days' notice for any subsequent levies. 
    Government, Tax
    Sampson
  • Bill S 26 (2023-2024)
    Summary date: Jan 26 2023 - View summary

    Applicable only to Sampson County, authorizes the county to levy additional sales tax as title indicates upon ten days public notice and public hearing, but only if certain conditions are met. The tax cannot apply to the sales price of food exempt from retail sales and use taxes under GS 105-164.13B or to the sales price of a bundled transaction taxable under GS 105-467(a)(5a) (governing certain types of transactions that include certain food subject to sales tax if the price of food exceeds 10% of the bundle). Allows the tax to be levied under this act only if the county levies the first one cent (1¢) local sales and use tax under Article 39 of GS Chapter 105, the first one-half cent (1/2¢) local sales and use tax under Article 40 of GS Chapter 105, the second one-half cent (1/2¢) local sales and use tax under Article 42 of GS Chapter 105, and the one-quarter cent (1/4¢) local sales and use tax under Article 46 of GS Chapter 105. The net proceeds of the tax must be used only for a public purpose. Provides for the administration of the tax. Requires the Secretary of Revenue to monthly distribute the net proceeds collected from the tax to the county, and provides for apportionment in instances where proceeds cannot be identified as attributable to a particular taxing county.   
    Government, Tax
    Sampson

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