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H 0900 - Safe Infrastructure %26amp; Low Property Tax Act

Tracking Level: Critical
Sponsor: Stephen Ross (R)
Last Action: 6/14/2017 - House - Re-ref Com On Rules, Calendar, and Operations of the House
House Committee: Fin
Assigned To:
Economic DevelopmentNext Bill
NCLM GoalNext Bill
Parks & RecreationNext Bill
TransportationNext Bill
UtilitiesNext Bill

Staff Analysis of the Legislation

To achieve the top legislative goal selected by the League membership, this bill would allow all municipalities to choose one of three revenue-raising options, any of which would be subject to voter referendum. All proceeds from any option approved by voters would be used to construct and improve public infrastructure and facilities or for economic development or for both. The three options authorized by the bill, from which a municipality could choose, include a municipal-only quarter-cent sales tax, a prepared meals tax, or an occupancy tax (subject to a cap). The bill also authorizes two studies of other topics regarding limitations on municipal revenues. The first, conducted by the NC Department of Revenue in conjunction with municipal and county officials, would study property tax exemptions, exclusions, and deferrals. The second, an interim legislative study, would examine property tax benefits currently provided to nonprofit entities, including the amount of charity care provided by those nonprofits, the costs borne by local governments in providing services to those nonprofits, and the impact on overall local property tax revenues of the loss of tax base when nonprofits purchase and use previously taxed parcels. The legislative study on nonprofits may make recommendations for legislation. (version 1)

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text