AN ACT TO TEMPORARILY MODIFY THE PURPOSES FOR WHICH CARTERET COUNTY MAY USE THE PROCEEDS OF THE ONE-QUARTER CENT LOCAL SALES AND USE TAX AUTHORIZED BY ARTICLE 46 OF CHAPTER 105 OF THE GENERAL STATUTES.
Applies only to Carteret County.
Amends GS Chapter 105, Article 46 (One-Quarter Cent County Sales and Use Tax) to require a tax levied under this Article to be approved in a referendum. Restricts use of the tax for dredging and waterway maintenance. Provides that the tax expires on the first day of the calendar quarter that is at least 90 days after the month in which the total net proceeds of the tax reach $20 million. Provides that the tax may not be re-approved by referendum until a year has passed since the date on which the tax expires.
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