Bill Summaries: H369 (2011-2012 Session)

  • Summary date: Mar 15 2011 - View summary

    Identical to S 312, filed 3/9/11.

    Amends Chapter 105 to create a new Article 47 authorizing the city of Roanoke Rapids to levy, by referendum, a one cent municipal sales and use tax. Net proceeds of the tax shall be used only for repayment of tax increment financing bond debt incurred by the city. Provides for the expiration of the tax.