Bill Summary for H 508 (2011-2012)

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Summary date: 

Jun 9 2011
S.L. 2011-160

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 508 (Local) Filed Tuesday, March 29, 2011
MODIFY CERTAIN MECKLENBURG COUNTY LOCAL TAXES.
Intro. by Earle.

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Bill summary

House committee substitute makes the following changes to 1st edition. Deletes requirement that the towns of Cornelius, Davidson, and Huntersville distribute at least 28% of their portion of occupancy tax net proceeds to the Lake Norman Convention and Visitors Bureau. Increases percentage of prepared food and beverage tax net proceeds distributed by these towns to the Bureau from at least 25% to at least 51%.