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NC H120

Bill

Official Source

Status

Engrossed

5/12/2021

Primary Sponsor

Jonathan Hardister

Click for details

Origin

House of Representatives

2021-2022 Session

AI Summary

  • Applies only to Guilford County and allows it to restrict a one-quarter percent (0.25%) county sales and use tax to new public school capital outlay purposes only
  • Modifies ballot language for local sales tax referendums to specify the intended use of tax proceeds, with options for "any public purpose" or "only public school capital outlay purposes"
  • Requires counties levying the tax for public school capital outlay to maintain at least the same level of public school capital outlay funding from other sources in the fiscal year prior to voter approval
  • Allows the use of tax proceeds to retire indebtedness for public school capital outlay purposes issued on or after the date voters approve the ballot measure
  • Becomes effective upon enactment

Legislative Description

Restrict Local Sales Tax/School Construction

Budgeting

Last Action

Ref To Com On Rules and Operations of the Senate

5/12/2021

Committee Referrals

Rules and Operations of the Senate5/12/2021
Rules, Calendar, and Operations of the House5/6/2021
Finance4/27/2021
Local Government4/26/2021
Appropriations2/23/2021

Full Bill Text

No bill text available