N.C. General Assembly
State Delegation Meeting
January 5, 2015
NC Delegation Present:
Senators – Ben Clark & Wesley Meredith
House – Rick Glazier, John Szoka, Marvin Lucas & Elmer Floyd
City Council: Full council present
The delegation and council met to discuss legislative topics of interest for 2015.
- Reinstatement of privilege license tax revenue
- Local option sales tax
- Reinstatement of historic tax credits
- Rental Action Management Program (RAMP)
- State transit funding
Reinstatement of privilege license tax revenue
Currently: Bill is law and the municipalities are asking legislators to help find replacement revenue
What Was Said:
(city) – We don’t want to put more pressure on property tax
(legislators) – This is going to be an issue in the long session
(city) – I’d rather spend more on a privilege license tax than a sales tax
(city) – The privilege tax contributed over 1 million to the city annually
Historic License Tax
Currently: Historic Tax Credits expired January 1, 2015. The City is advocating for the reinstatement of the tax credit.
Background: From 1976 – 2013, the tax credits returned investments of 24.2 million with 17 projects completed.
What Was Said:
(legislators) – The governor supports bringing back the tax
Local Option Sales Tax
Currently: No bill has been filed
Proposal from the City: Impose a local 1/4-cent sales tax to help lower the property tax rate
