Agenda - 01-15-2008-4d - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: January 15, 2008 Action Age Item No. SUBJECT: Motor Vehicle Property Tax Release/Refund for Mebane Transport DEPARTMENT: Revenue PUBLIC HEARING: (Y/N) No ATTACHMENT(S): Request Letter from Representatives for Mebane Transport E-mail Clarification from NC Department of Revenue Listing of Individual Billings - On File and Available in the Clerk's Office INFORMATION GONTACT: Jo Roberson, 245-2727 PURPOSE: To consider a refund request for motor vehicle billings for the years 2003-2006 from Mebane Transport per direction of the North Carolina Department of Revenue, Property Tax Division. BACKGROUND: Under N.C.G.S. 105-333 (10), an interstate carrier company domiciled in North Carolina can request upon meeting the requirements set out by statute to have its tractor trailer values (known as rolling stock) and ad-valorem tax apportioned to taxing units in one or more states. When a motor freight carrier meets .the requirements of Public Service Company and submits its listing(s) to the North Carolina Department of Revenue, the Department of Revenue must then certify to the Assessor the value upon which it is to be charged. The Public Service Company has the right to submit and request, as has been the case in this instance, prior years' listings. In turn, the Department of Revenue has submitted those values to the Assessor for billing. Upon receiving these values and completing the billing process, there is a position of having double taxation. Under GS 105-381(a)(1 ), the taxpayer can make written request for arelease/refund. This request has been received. Note: The Board may recall that in June of 2007, the BOCC approved the release of 2007 Mebane Transport Registered Motor Vehicle billings for 2007. This occurred when the County was notified of company's filing, and confirmation by the North Carolina Department of Revenue, to be treated as a Public Service Utility for tax year 2007. FINANCIAL IMPACT: The refund amount total for the years 2003 through 2006 is $21,735.68. The discovery billing for the years of 2003 through 2006 totals $9,795.95. The discovery billing will be paid prior to any refund, meaning a net refund will be $11,939.93. RECOMMENDATION(S): The Manager recommends that the Board approve the refund to Mebane Transport in the sum of $11,939.93.