AN ACT TO AUTHORIZE THE REVENUE LAWS STUDY COMMITTEE TO STUDY WHETHER MUNICIPALITIES SHOULD HAVE THE AUTHORITY TO LEVY A LOCAL OPTION SALES TAX FOR BEACH NOURISHMENT AND TO STUDY THE TAXATION AND VALUATION OF LEASEHOLD INTERESTS IN EXEMPT REAL PROPERTY. Summarized in Daily Bulletin 6/13/12 and 6/27/12. Enacted July 16, 2012. Effective July 16, 2012.
Bill Summaries: H1181 STUDY MUNICIPAL LOCAL OPTION SALES TAX (NEW).
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Summary date: Jul 17 2012 - View Summary
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Bill H 1181 (2011-2012)Summary date: Jun 27 2012 - View Summary
Senate amendment makes the following changes to 2nd edition. Changes bill title to include study of taxation and valuation of leasehold interests in exempt real property, and adds authorization for Revenue Laws Study Committee to study this subject and report recommendations to the 2013 Regular Session.
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Bill H 1181 (2011-2012)Summary date: Jun 13 2012 - View Summary
House committee substitute makes the following changes to 1st edition. Deletes all provisions of the previous edition and replaces them with AN ACT TO AUTHORIZE THE REVENUE LAWS STUDY COMMITTEE TO STUDY WHETHER MUNICIPALITIES SHOULD HAVE THE AUTHORITY TO LEVY A LOCAL OPTION SALES TAX FOR BEACH NOURISHMENT.
Provides as title indicates, and requires reporting to the 2013 General Assembly.
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Bill H 1181 (2011-2012)Summary date: May 29 2012 - View Summary
Subject to a referendum held under proposed Article 48 of GS 105, authorizes the Emerald Isle Board of Commissioners to levy a local sales and use tax of 1%. Provides for the administration and distribution of the tax and limits the use of net proceeds to beach nourishment, as defined.