Amends Chapter 105 to create a new Article 47 authorizing the city of Roanoke Rapids to levy, by referendum, a one cent municipal sales and use tax. Net proceeds of the tax shall be used only for repayment of tax increment financing bond debt incurred by the city. Provides for the expiration of the tax.
Bill Summary for H 369 (2011-2012)
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Summary date:
Mar 15 2011
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
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 Bryant.
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Bill summary
Identical to S 312, filed 3/9/11.