Bill Summary for H 508 (2011-2012)
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Summary date:
Mar 29 2011
S.L. 2011-160
Bill Information:
View NCGA Bill Details | 2011-2012 Session |
MODIFY CERTAIN MECKLENBURG COUNTY LOCAL TAXES.Intro. by Earle.
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Bill summary
Modifies the distribution of Mecklenburg County’s occupancy and prepared food and beverage tax proceeds. Requires that the towns of Cornelius, Davidson, and Huntersville distribute at least 28 percent of the portion of occupancy tax net proceeds they receive from the local administrative authority, and 25 percent of the portion of prepared food and beverage tax proceeds they receive from the City of Charlotte, to the Lake Norman Convention and Visitors Bureau for tourism-marketing promotions.