HomeMy WebLinkAboutRES-2002-047 Resolution Regarding Article 44 One-half Cent Local Government Sales and Use Tax rQh
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77BARRr.IACOes.CHAIR ORANGE COUNTY BOARD OF COMMISSIONERS '
STEPHEN H.HALK/OT/S VICE CHAIR
MARGARET W BROWN POST OFFICE BOX 8181
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/CLOSES C R 200 SOUTH CAMERON STREET
AL/CE M. GORDON �
HILLSBOROUGH, NORTH CAROLINA 27278
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I, Donna S. Baker, County Clerk of the County of Orange, North Carolina, hereby
certify that the attached is a true and correct copy of "A Resolution Levying the
Third One-Half Cent (1/20) Local Government Sales and Use Tax and Prescribing
the Method of Distribution of the Proceeds Within Orange County" adopted by the
Orange County Board of County Commissioners on June 27, 2002.
This the 27th day of June. 2002.
t of Donna S. Baker
�v County Clerk
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Evelyn Cecil - Article44Res . doc Page 1
DRAFT CQ
The County of Orange
The State of North Carolina i
RESOLUTION LEVYING THE THIRD ONE -HALF CENT ( 1 /20) r�
LOCAL GOVERNMENT SALES AND USE TAX AND PRESCRIBING
THE METHOD OF DISTRIBUTION OF THE PROCEEDS
WITHIN ORANGE COUNTY
WHEREAS , The General Assembly has authorized the Orange County Board of Commissioners to levy a one-
half percent ( 1 /2 %) local sales and use tax by enacting N . C . G . S . 105 -517 (b) in Section 34 . 14 (a) of Session
Law 2001424 ; and , �.
WHEREAS , The Orange County Board of Commissioners held the public hearing on the issue of adopting this
resolution on June 20 , 2002 , as required by N . C . G . S . 105 - 517 (b) and proper public notice of the Board ' s intent
to consider this resolution was provided as required by N . C . G . S . 105 - 517 (b) ; and,
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WHEREAS , The General Assembly levied a one half percent ( 1 /2%) state sales tax effective October 16 , 2001
by enacting Section 34 . 14 (a) of Session Law 2001424 , and this tax expires July 1 , 2003 ; and ,
WHEREAS , Orange County anticipates losing approximately $ 3 . 1 million in funds made available by the State
of North Carolina to replace revenue lost because of legislative action : ( 1 ) to repeal sales taxes imposed on
purchases made with Food Stamps ; (2 ) to repeal property taxes imposed on inventories held by manufacturers ,
retailers and wholesalers ; (3 ) to repeal taxes on intangible personal property; and , (4) to reduce taxes levied on
residential property owned by low-income elderly taxpayers ; and ,
WHEREAS , The Orange County Board of Commissioners hereby finds that, particularly in light of the
circumstances cited herein, the levy of The Third One-Half Cent ( 1 /2 ¢) Local Government Sales and Use Tax
is necessary to adequately finance the operations of the county and the cities and towns herein .
NOW , THEREFORE , BE IT RESOLVED by the Orange County Board of Commissioners :
( 1 ) There is hereby imposed and levied within Orange County The Third one-half cent ( 1 /20 ) Local
Government Sales and Use Tax authorized by Section 34 . 14 (a) of Session Law 2001424 and
codified as Article 44 of Chapter 105 of the General Statutes of North Carolina . The tax hereby
imposed and levied shall apply to the same extent and be subject to the same limitations as are set
forth in said Session Law 2001424 .
(2) Collection of the tax by the North Carolina Secretary of Revenue, and liability therefore, shall begin
and continue on and after the first day of July, 2003 , or sooner, if allowed by law.
(3 ) The net proceeds of the tax levied herein shall be distributed by the Secretary of Revenue on a monthly
basis to Orange County as prescribed by N . C . G . S . 105 - 520 . The amount distributed to Orange
County shall be divided among the county and the municipalities herein in accordance with the
method by which the one percent ( 1 %) sales and use taxes levied in Orange County pursuant to
Article 39 of General Statutes Chapter 105 are distributed .
(4) This Resolution is effective upon its adoption, and a certified copy hereof shall be forwarded to the
North Carolina Secretary of Revenue .
Adopted this day of , 20
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