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NC H369

Bill

Official Source

Status

Introduced

3/15/2011

Primary Sponsor

Angela Bryant

Click for details

Origin

House of Representatives

2011-2012 Session

AI Summary

  • Authorizes the City of Roanoke Rapids to levy a one percent (1%) local sales and use tax upon approval by referendum vote
  • Tax proceeds may be used exclusively for repayment of tax increment financing bonds for projects listed on the ballot initiative
  • Requires 10 days' public notice before city council can impose the tax by resolution following successful referendum
  • Tax expires automatically upon repayment of the specified tax increment financing bonds
  • Applies only to the City of Roanoke Rapids and follows administration procedures under existing state sales tax law with references to "county" interpreted as "municipality"

Legislative Description

Roanoke Rapids Local Option Sales Tax

Last Action

Re-ref Com On Rules, Calendar, and Operations of the House

7/27/2011

Committee Referrals

Rules, Calendar, and Operations of the House7/27/2011
Finance4/14/2011
Government3/16/2011

Full Bill Text

No bill text available