Bill Summary for H 247 (2015-2016)

Summary date: 

Mar 16 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 247 (Local) Filed Monday, March 16, 2015
Intro. by Pierce, Goodman.

View: All Summaries for BillTracking:

Bill summary

Enacts new Article 47 of GS Chapter 105 authorizing Hoke County to levy a third one-half percent sales tax, subject to approval by the voters, to be used for school construction and renovation, including to retire indebtedness incurred by the county for these purposes. Only applies if the county has already levied the first 1 cent local sales and use tax, the first 1/2 cent local sales and use tax, and the second 1/2 cent local sales and use tax.

The new sales tax is administered in the same way as other local sales taxes except that (1) it does not apply to food; (2) it does not apply to the sales price of a bundled transaction, pursuant to GS 105-467(a)(5a); and (3) it is not shared with municipalities.

Does not apply to construction materials purchased for a lump-sum or unit-price contract awarded or entered into before the effective date of the levy when the materials would otherwise be subject to tax under Article 47.

Effective when the act becomes law.

Applies only to Hoke County.

© 2021 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.

Printer-friendly: Click to view