LOCAL OPTION SALES TAX.

View NCGA Bill Details2013-2014 Session
Senate Bill 795 (Local) Filed Monday, May 19, 2014
A BILL TO BE ENTITLED AN ACT TO AUTHORIZE COUNTIES TO LEVY AN ADDITIONAL ONE-QUARTER CENT SALES AND USE TAX FOR SCHOOL CONSTRUCTION.
Intro. by Brown.

Status: Ref to State and Local Government. If fav, re-ref to Finance (Senate Action) (May 20 2014)
S 795

Bill Summaries:

  • Summary date: May 19 2014 - More information

    Enacts new Article 47 of GS Chapter 105 authorizing counties to levy a 1/4% sales tax, subject to approval by the voters, to be used only for school construction or renovation, for the purchase of land or facilites for schools, and for debt service. Only applies if the county has already levied the first 1 cent local sales and use tax, the first 1/2 cent local sales and use tax, and the second 1/2 cent local sales and use tax.

    The new sales tax is administered in the same way as other local sales taxes except that (1) it does not apply to food, (2) it does not apply to the sales price of a bundled transaction, pursuant to GS 105-467(a)(5a), and (3) it is not shared with municipalities.

    Does not apply to construction materials purchased for a lump-sum or unit-price contract awarded or entered into before the effective date of the levy.

    Effective when the act becomes law.

    Applies only to Onslow County.


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