Bill Summary for S 727 (2015-2016)

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Bill: MOORE COUNTY LOCAL SALES TAX USE RESTRICTION (NEW)

Summary date: 

Apr 25 2016

Bill Information:

View NCGA Bill Details(link is external)2015-2016 Session
Senate Bill 727 (Local) Filed Monday, April 25, 2016
AN ACT TO MODIFY PERMISSIBLE USES OF THE QUARTER CENT LOCAL OPTION SALES TAX FOR MOORE COUNTY.
Intro. by Tillman.

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Bill summary

Amends GS 105-538 to add that Moore County may use funds received from the quarter cent county sales and use tax only for financing and constructing public schools. Requires that the funds supplement and not supplant or replace exiting funds or other resources for public school construction.

Makes conforming changes to GS 105-537(c) which specifies the ballot question for the tax and adds an example of how much tax would be due.