Bill Summary for S 312 (2011-2012)

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Summary date: 

Jun 7 2011

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 312 (Local) Filed Wednesday, March 9, 2011
TO AUTHORIZE THE CITY OF ROANOKE RAPIDS TO LEVY A ONE CENT LOCAL SALES AND USE TAX TO REPAY TAX INCREMENT FINANCING BONDS.
Intro. by Jones.

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Bill summary

Senate committee substitute makes the following changes to 1st edition. Specifies that the City of Roanoke Rapids, with a ballot initiative, is authorized to levy a 1% sales and use tax for the purpose of repaying debt related to the tax increment financing bonds issued to finance the Roanoke Rapids Theatre, formerly known as the Randy Parton Theatre. Makes some organizational changes.