Bill Summary for H 441 (2021-2022)

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Bill: REQUIRE AD VALOREM LOST DISTRIB./CARTERET.

Summary date: 

Mar 29 2021

Bill Information:

View NCGA Bill Details2021
House Bill 441 (Local) Filed Monday, March 29, 2021
AN ACT TO REQUIRE CARTERET COUNTY TO USE THE AD VALOREM METHOD OF DISTRIBUTION FOR LOCAL SALES AND USE TAX.
Intro. by McElraft.

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Bill summary

Applicable to Carteret County only, amends GS 105-472 to require allocation and distribution of local sales and use taxes collected using the ad valorem method (current law requires counties to annually choose the per capita or ad valorem method by resolution).