ROANOKE RAPIDS LOCAL OPTION SALES TAX.

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View NCGA Bill Details2011-2012 Session
House Bill 369 (Local) Filed Tuesday, March 15, 2011
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.

Status: Re-ref Com On Rules, Calendar, and Operations of the House (House Action) (Jul 27 2011)
H 369

Bill Summaries:

  • Summary date: Mar 15 2011 - View Summary

    Identical to S 312, filed 3/9/11.

    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.