Bill Summary for H 508 (2011-2012)

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Summary date: 

Jun 15 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

Senate committee substitute makes the following changes to 2nd edition. Modifies the percentage of the distribution to the Lake Norman Convention and Visitors Bureau by the towns of Cornelius, Davidson, and Huntersville for tourism-marketing promotions as follows: 28% of the portion of occupancy tax net proceeds received from the local administrative authority and 25% of the portion of prepared food and beverage taxes received from the City of Charlotte (was, 51% of the portion of the prepared food and beverage taxes received from the City of Charlotte).