Enacts new GS 153A-149(c1), requiring each county to levy a 1-cent property tax per $100 of appraised property value to be used only to supplement salaries of teachers employed by local school administrative units within the county. Directs the counties to ensure funds from this tax are not used for any other purpose. Exempts new tax from being counted under the rate limitation imposed in GS 153A-149(c).
Effective for taxable years, beginning on or after July 1, 2014.
PROPERTY TAX FOR TEACHER COMPENSATION.
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View NCGA Bill Details | 2013-2014 Session |
AN ACT TO REQUIRE AN INCREASE IN PROPERTY TAXES BY ONE CENT FOR TEACHER COMPENSATION.Intro. by R. Brawley.
Status: Ref to the Com on Finance, if favorable, Appropriations (House Action) (May 22 2014)
Bill History:
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Wed, 21 May 2014 House: Filed
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Thu, 22 May 2014 House: Passed 1st Reading
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Thu, 22 May 2014 House: Ref to the Com on Finance, if favorable, Appropriations
H 1177
Bill Summaries:
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Bill H 1177 (2013-2014)Summary date: May 21 2014 - View Summary
View: All Summaries for Bill