Legislation Assigned to the House Fin Committee (20)

Date of Last Recorded Action: 7/9/2018

H 0059 EnactedRevenue Laws Technical Changes William Brawley
6/21/2017 Ch. SL 2017-39 Fin Fin
Taxation & Finance

Proposes technical changes to the state’s tax and revenue laws. (version 1)

H 0158 EnactedSpecial Assessments/Critical Infrastructure Jason Saine
6/21/2017 Ch. SL 2017-40 Fin Fin
Economic Development Planning & Land Use Taxation & Finance Utilities

Adds language to the current special assessments statutes to increase flexibility for cities and counties when structuring financing deals for development using this authority. (version 1)

H 0333 MonitorLocal Option Sales Tax Flexibility Susan Martin
6/5/2017 Senate - Ref To Com On Rules and Operations of the Senate Fin RulesOS
Taxation & Finance

Creates new authority for counties to raise up to a ½-cent county-only sales tax, by referendum, for education purposes. Places corresponding limits on counties’ overall tax-levying authority. (version 1)

H 0347 MonitorMV Municipal Tax/Exclude Trailers Larry Bell
3/15/2017 House - Ref to the Com on Finance, if favorable, State and Local Government I Fin -
Local Bills Taxation & Finance

Disallows the Town of Kenansville from charging a municipal motor vehicle tax for trailers. (version 1)

H 0400 MonitorExempt Vacation Linen Rentals From Sales Tax Beverly Boswell
3/20/2017 House - Ref To Com On Finance Fin -
Taxation & Finance
Exempts from state sales tax the rental linens for use in residential accomodation rental properties. (version 1)
H 0405 HighImpact Fees/Refund to Homeowners Sarah Stevens
4/4/2017 House - Serial Referral To Rules, Calendar, and Operations of the House Stricken Fin -
Liability NCLM Goal Taxation & Finance Utilities

To address a consequence of the recent Carthage court decision, directs any refund of impact fees paid to a city or county to the homeowner who paid any portion of that impact fee refunded, as part of the purchase price of their home. Defines “impact fee” to include a facility fee, project fee, capacity fee, or any other fee that defrayed capital costs of the system that are associated with new construction. (version 1)

H 0522 HighChange the LOST Adjustment Factor David Lewis
3/30/2017 House - Ref To Com On Finance Fin -
Taxation & Finance
Companion Bill to SB 126
Eliminates the current adjustment factors applied to the half-cent local sales tax imposed under Article 40. Replaces those factors with new adjustment factors that are tied to the economic development tier ranking given to the county and municipalities within it that levy this tax. (version 1)
H 0565 MonitorCharlotte Firefighters' Retirement Changes James Clampitt
6/16/2017 House - Re-ref Com On Finance Fin -
General Government Public Safety

Adds two slots to the state 911 Board, both of whom are individuals who are currently managing a PSAP. (version 1)

H 0900 CriticalSafe Infrastructure & Low Property Tax Act Stephen Ross
6/14/2017 House - Re-ref Com On Rules, Calendar, and Operations of the House Fin -
Economic Development NCLM Goal Parks & Recreation Transportation Utilities
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)
H 0905 MonitorReenact Conservation Tax Credit Jonathan Jordan
4/26/2017 House - Ref To Com On Finance Fin -
Environment Parks & Recreation Utilities
Reinstates a previously-repealed tax credit for property owners that donate real property for certain purposes, including floodplain protection and improving public access to public land, water, trails, or beaches.

(version 1)

H 0931 EnactedUI Technical Changes Julia Howard
6/25/2018 Ch. SL 2018-94 Fin Fin
General Government Personnel

Lowers the threshold for employers that must file quarterly employers’ tax and wage reports from the current 25 employees to 10 employees. Also delays until January 1, 2019, the date after which employers must respond to unemployment insurance claims within ten days, a time period that was shortened from the current 14 days. (version 2 of the bill)

S 0075 EnactedConst. Amd. - Max. Income Tax Rate of 7.0% Wyatt Tucker
6/28/2018 Ch. SL 2018-119 Fin Fin
Budget Taxation & Finance

Proposes a constitutional amendment limiting the state income tax rate to 5.5 percent, to be placed on the November 6, 2018 ballot. (version 1)

S 0081 HighSales Tax Economic Nexus For Remote Sales Wyatt Tucker
6/29/2018 House - Re-ref Com On Rules, Calendar, and Operations of the House Fin Fin
Taxation & Finance

 NCLM Goal

Expands the state sales tax levy to remote (online) sellers if the retailer sold more than $100,000/year or had more than 200 separate transactions.

If passed into law, this bill would partially achieve an NCLM goal that seeks collection of the state sales tax on online purchases of goods sold by vendors without a physical presence in the state. (version 1)

S 0220 EnactedMotor Fuel Tax Exemption for Joint Agency Norman Sanderson
6/22/2018 Ch. SL 2018-39 Fin Trans
Budgeting & Fiscal Control Transportation
Enlarges the list of entities eligible for refunds of gas taxes to include certain regional solid waste management authorities and certain public safety agencies created by interlocal agreement. (version 1)
S 0628 EnactedVarious Changes to the Revenue Laws Jerry Tillman
8/11/2017 Ch. SL 2017-204 Fin Fin
Taxation & Finance

Omnibus bill that clarifies state tax laws related to corporate income taxation, sales and use taxation, and property taxation. (version 1)

S 0660 HighEconomic Development Incentives Modifications Harry Brown
6/29/2018 House - Re-ref Com On Rules, Calendar, and Operations of the House Fin RulesOS
Economic Development Housing & Community Development NCLM Goal Utilities
Reforms the current economic tier system, transforming it into an index against which counties are compared and eliminating adjustment factors and exceptions in current law, such as one that automatically designates small-population counties as the most distressed in the state. Makes numerous changes to the various state economic development incentive programs. Places limitations on where monies in the JDIG economic development grant fund may be spent, allowing no more than 50 percent of the funds to be spent in the state’s most-prosperous counties; reducing the amounts of these awards when calculating them for jobs located in those counties; and directing half of the award amounts granted to businesses in those counties to the Utility Account, among other restrictions. Reduces the state match for local government grants offered as part of the One North Carolina Fund when the local government is located in one of the state’s most prosperous counties. Expands the purposes for which the Industrial Development Fund Utility Account may be used, allowing funds to be spent on retaining jobs or expanding an existing job base in a community. Directs the NC Department of Commerce to create individualized plans for improving the economic performance of each county that underperforms against the economic distress index. While this bill generally addresses the League advocacy goal of revising the current economic tier system, if passed into law, it would not reform it to measure the causes or distress or take into account sub-county data, all components of the League goal. (version 1)
S 0758 EnactedBuild NC Bond Act of 2018 William Rabon
6/20/2018 Ch. SL 2018-16 Fin Fin
Budgeting & Fiscal Control Economic Development NCLM Goal Transportation

Authorizes the issuance of state “Build NC” transportation bonds, a proposal modeled after the federal GARVEE bond program. The proposal would allow the state to borrow money for local transportation priorities and repay those bonds using future state transportation dollars that are allocated to the Highway Trust Fund. Build NC bond proceeds would fund transportation projects prioritized at the regional and division levels of the state’s transportation funding system​. These projects are suggested by local officials, who also have the most input in deciding which of these projects to prioritize. Includes borrowing limitations, including an overall program cap of $300 million.

S 0775 EnactedBlack Mountain/Montreat Corporate Limits Charles Edwards
6/27/2018 Ch. SL 2018-108 Fin Fin
Annexation Local Bills
Companion Bill HB 1015

Removes certain tracts from the Town of Black Mountain and adds them to the Town of Montreat.

S 0776 EnactedHendersonville Deannexation Charles Edwards
6/27/2018 Ch. SL 2018-109 Fin Fin
Annexation Local Bills

As the title suggests, removes certain parcels from the corporate limits of the City of Hendersonville.

S 0802 EnactedMineral Springs Deannexations Wyatt Tucker
6/29/2018 Ch. SL 2018-122 Fin Fin
Annexation Local Bills

Deannexes close to 80 acres from the Village of Wesley Chapel.

Green background on status indicates a bill has been acted on the last recorded legislative day.