Bill Summary for H 508 (2011-2012)

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Summary date: 

Mar 29 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

Modifies the distribution of Mecklenburg County’s occupancy and prepared food and beverage tax proceeds. Requires that the towns of Cornelius, Davidson, and Huntersville distribute at least 28 percent of the portion of occupancy tax net proceeds they receive from the local administrative authority, and 25 percent of the portion of prepared food and beverage tax proceeds they receive from the City of Charlotte, to the Lake Norman Convention and Visitors Bureau for tourism-marketing promotions.