Bill Summary for H 947 (2017-2018)

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Summary date: 

May 16 2018

Bill Information:

View NCGA Bill Details2017-2018 Session
House Bill 947 (Local) Filed Wednesday, May 16, 2018
AN ACT TO AUTHORIZE CERTAIN CITIES TO HOLD A REFERENDUM REGARDING THE LEVY OF A MUNICIPAL ONE-QUARTER PERCENT SALES AND USE TAX.
Intro. by Fraley.

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Bill summary

Applicable to the Town of Mooresville only, enacts Article 47 to GS Chapter 105, authorizing the governing body to direct the county board of elections to conduct an advisory referendum on the question of whether to levy a local sales and use tax at the rate of 1/4% in addition to all other State and local sales and use taxes for the purpose of street improvement. Defines street improvement to mean grading, surfacing, widening, or paving a street; acquiring one or more rights-of-way for a street; and constructing a sidewalk, curb, or gutter. Sets out the form of the question for the ballot and other procedures for the advisory referendum. Authorizes the governing body to levy a local sales and use tax at a rate of 1/4% by resolution after 10 days' public notice if the majority of voters approve of the tax in the referendum. Provides for the administration of the additional taxes authorized by Article 47 to be in accordance with Article 39 of GS Chapter 105 (First One-Cent (1¢) Local Government Sales and Use Tax). Adds that the tax authorized by Article 47 is not applicable to the sales price of food that is exempt from tax pursuant to GS 105-164.13B or to the sales price of a bundled transaction pursuant to GS 105-467(a)(5a). Directs the Secretary of Revenue to distribute the net proceeds of the tax collected under Article 47 on a monthly basis to the municipality. Provides for allocation of proceeds where local sales or use taxes are collected but cannot be identified as being attributable to a particular taxing municipality. Provides that amounts collected by electronic transfer are included in the distribution for the month in which the return that applies to the payment is received. Permits the municipality to use the net proceeds of the tax levied under Article 47 for street improvement, as defined above.