City Council meets with the NC Delegation

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

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Published by Angie Hedgepeth

Angie Hedgepeth, Government Affairs Director for the Association, attends all the local meetings each month, as well as NAR and NCAR meetings, and keeps members abreast of the multiple issues being addressed in local, state and national government. She prepares reports on the meetings she attends and they are included in the weekly "Government Affairs Update".