Bill Summary for S 154 (2023-2024)

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Summary date: 

Sep 19 2023
S.L. 2023-144

Bill Information:

View NCGA Bill Details2023-2024 Session
Senate Bill 154 (Local) Filed Thursday, February 23, 2023
Intro. by Hise.

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Bill summary

House amendments to the 4th edition makes the following changes.  

Amendment #1 amends Part XXV, the Mecklenburg County meals tax and occupancy tax sunset extension, as follows. Deletes proposed amendment to SL 2005-68 that would have: (1) expanded the way Mecklenburg County may repeal the occupancy tax related to the financing or refinancing of the NASCAR Hall of Fame Museum (“NASCAR Occupancy Tax”) to include the process set forth under GS 153A-155(f) and (2) changed the required repeal date to not earlier than the later of July 1, 2038 or July 1 after the date of final satisfaction of any debt instruments or obligations that were issued by the City of Charlotte or a related special purpose entity in connection with the financing or refinancing of the NASCAR Hall of Fame Museum facility but not later than July 1, 2060. Deletes proposed amendments to Section 1(f) of SL 2005-68 that would have expanded how the City of Charlotte may use the proceeds of the NASCAR Occupancy Tax to include renovation, improvement and refinancing of a NASCAR Hall of Fame Museum facility and an ancillary and adjacent NASCAR/convention center ballroom facility, in addition to other listed uses.

Amendment #2 removes Part XXVI, pertaining to the Davie County District E occupancy tax.