NC H1181

Revenue Laws Study Committee authorized to study whether municipalities should have authority to levy a local option sales tax dedicated to beach nourishment and natural resources preservation, with findings and recommendations due to the 2013 General Assembly.

Revenue Laws Study Committee authorized to study taxation and valuation of leasehold interests in exempt real property, with findings and recommendations due to the 2013 General Assembly.

Act became effective upon passage on July 16, 2012.