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Page 2 of 2 <br />All of these changes were adopted in the final days of the session, and we are still working with the staff of the <br />General Assembly on detailed information about implementation. Section 14.4 of HB 794 - 2007 Budget <br />Technical Corrections Act (SL 2007-345) partially corrects an error in the budget bill concerning the calculation <br />of the municipal hold harmless amount for the impact of the change in distribution of the Article 42 local sales tax <br />from a per capita basis to point of delivery. We are working with General Assembly staff on a further technical <br />correction for the short session that will fully hold cities and towns harmless. <br />The General Assembly also gave counties authority to levy either a new one-quarter cent sales tax or a 0.4 <br />percent land transfer tax, subject to voter approval. Discussions mentioned using the new tax to pay for school <br />construction, but use of the proceeds is not restricted. The General Assembly did not require counties to share <br />proceeds of the new tax with municipalities, despite significant and growing municipal infrastructure needs, <br />including roads, stormwater, water and sewer and others. <br />8/28/2007 <br />