Bill Summary for H 1181/SL 2012-189 (2011-2012)

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Bill: STUDY MUNICIPAL LOCAL OPTION SALES TAX (NEW).

Summary date: 

Jul 17 2012
S.L. 2012-189

Bill Information:

View NCGA Bill Details(link is external)2011-2012 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

AN ACT TO AUTHORIZE THE REVENUE LAWS STUDY COMMITTEE TO STUDY WHETHER MUNICIPALITIES SHOULD HAVE THE AUTHORITY TO LEVY A LOCAL OPTION SALES TAX FOR BEACH NOURISHMENT AND TO STUDY THE TAXATION AND VALUATION OF LEASEHOLD INTERESTS IN EXEMPT REAL PROPERTY. Summarized in Daily Bulletin 6/13/12 and 6/27/12. Enacted July 16, 2012. Effective July 16, 2012.