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NC S247
Bill
Status
Introduced
3/11/2021
Primary Sponsor
DeAndrea Salvador
Click for details
AI Summary
- Authorizes the Town of Pineville to levy a one-quarter percent (1/4%) local sales and use tax in addition to state and local taxes if approved by referendum.
- Requires the municipality's governing body to hold an advisory referendum where voters choose whether to implement the tax for constructing and improving public infrastructure and public facilities.
- Tax cannot apply to food exempt from taxation under G.S. 105-164.13B or to bundled transactions taxable under G.S. 105-467(a)(5a).
- The State Secretary distributes collected tax proceeds monthly to Pineville as net proceeds, allocating unattributable collections proportionally based on each month's tax collection.
- Applies only to the Town of Pineville and takes effect upon enactment.
Legislative Description
Pineville Local Option Sales Tax
Budgeting
Last Action
Ref To Com On Rules and Operations of the Senate
3/15/2021
Committee Referrals
Rules and Operations of the Senate3/15/2021
Full Bill Text
No bill text available