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 Details | 2011-2012 Session |
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%.