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NC S266

Bill

Official Source

Status

Introduced

3/12/2013

Primary Sponsor

Earline Parmon

Click for details

Origin

Senate

2013-2014 Session

AI Summary

  • Increases the maximum tax rate on gross receipts that a regional Transportation Authority may levy on retailers leasing or renting U-drive-it vehicles or motorcycles from 5% to 8%
  • Applies to short-term leases or rentals made by retailers whose place of business or inventory is located within the Authority's territorial jurisdiction
  • Increases the combined tax rate cap for special districts from 5% to 8%, requiring county board approval before levying or increasing taxes within a special district
  • Applies only to regional transportation authorities established under Article 27 of Chapter 160A of the General Statutes
  • Becomes effective upon enactment

Legislative Description

Increase Regional Transportation Tax Cap

Last Action

Ref To Com On Finance

3/13/2013

Committee Referrals

Finance3/13/2013

Full Bill Text

No bill text available