Bill Summary for H 1203 (2011-2012)

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Summary date: 

May 30 2012

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 1203 (Local) Filed Wednesday, May 30, 2012
TO MODIFY THE AMOUNT OF THE MARTIN COUNTY OCCUPANCY TAX REVENUE THAT MAY BE RETAINED BY THE COUNTY FOR ADMINISTRATIVE EXPENSES.
Intro. by E. Warren, Tolson.

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Bill summary

Amends SL 1991-80, as title indicates, to allow 6% (was, 3%) of the first $500,000 of gross proceeds collected each year to be retained for administrative costs.