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NC H1177

Bill

Official Source

Status

Introduced

5/21/2014

Primary Sponsor

Clyde Brawley

Click for details

Origin

House of Representatives

2013-2014 Session

AI Summary

  • Requires each county in North Carolina to levy a property tax of one cent per $100 of appraised property value, effective for taxable years beginning July 1, 2014
  • Revenue from this one-cent tax must be used solely to supplement salaries of all teachers employed by local school administrative units within the county
  • Prohibits counties from using the tax revenue to replace existing teacher salary funding or school funding, requiring it to provide additional supplemental compensation only
  • The one-cent teacher compensation tax is exempt from the county property tax rate limitation of $1.50 per $100 of appraised value

Legislative Description

Property Tax For Teacher Compensation

Last Action

Ref to the Com on Finance, if favorable, Appropriations

5/22/2014

Committee Referrals

Finance5/22/2014

Full Bill Text

No bill text available