Senate committee substitute makes the following changes to 1st edition. Specifies that the City of Roanoke Rapids, with a ballot initiative, is authorized to levy a 1% sales and use tax for the purpose of repaying debt related to the tax increment financing bonds issued to finance the Roanoke Rapids Theatre, formerly known as the Randy Parton Theatre. Makes some organizational changes.
ROANOKE RAPIDS LOCAL OPTION SALES TAX.
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| View NCGA Bill Details(link is external) | 2011-2012 Session |
TO AUTHORIZE THE CITY OF ROANOKE RAPIDS TO LEVY A ONE CENT LOCAL SALES AND USE TAX TO REPAY TAX INCREMENT FINANCING BONDS.Intro. by Jones.
Status: Re-ref Com On Rules and Operations of the Senate (Senate Action) (Jun 8 2011)
Bill History:
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Wed, 9 Mar 2011 Senate: Filed(link is external)
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Thu, 10 Mar 2011 Senate: Passed 1st Reading(link is external)
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Mon, 28 Mar 2011 Senate: Withdrawn From Com(link is external)
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Mon, 28 Mar 2011 Senate: Re-ref Com On Finance(link is external)
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Tue, 7 Jun 2011 Senate: Reptd Fav Com Substitute(link is external)
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Tue, 7 Jun 2011 Senate: Com Substitute Adopted(link is external)
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Tue, 7 Jun 2011 Senate: Placed On Cal For 6/7/2011(link is external)
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Tue, 7 Jun 2011 Senate: Withdrawn From Cal(link is external)
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Tue, 7 Jun 2011 Senate: Placed On Cal For 6/8/2011(link is external)
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Wed, 8 Jun 2011 Senate: Withdrawn From Cal(link is external)
S 312
Bill Summaries:
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Bill S 312 (2011-2012)Summary date: Jun 7 2011 - View Summary
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Bill S 312 (2011-2012)Summary date: Mar 9 2011 - View Summary
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.
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