Bill Summary for H 1181 (2011-2012)

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Summary date: 

Jun 27 2012

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 1181 (Local) Filed Tuesday, May 29, 2012
TO AUTHORIZE THE TOWN OF EMERALD ISLE TO LEVY AN ADDITIONAL ONE PERCENT SALES AND USE TAX, THE PROCEEDS OF WHICH SHALL BE USED FOR BEACH NOURISHMENT.
Intro. by McElraft.

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Bill summary

Senate amendment makes the following changes to 2nd edition. Changes bill title to include study of taxation and valuation of leasehold interests in exempt real property, and adds authorization for Revenue Laws Study Committee to study this subject and report recommendations to the 2013 Regular Session.