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3 <br /> Justification and Features of Im•act Tax Le•islation <br /> Orange County seeks authorization from the North Carolina <br /> General Assembly to levy a tax on land development. The revenue <br /> from this tax will be shared by the County and the municipalities <br /> within the County, and will be used to partially fund the <br /> planning, design, construction and improvement of public <br /> facilities - facilities necessitated in whole or in part by the . <br /> development of land within Orange County. Orange County thinks <br /> the authorization requested is justified because: <br /> 1. Historically, and now, public facilities for which <br /> local governments in North Carolina are responsible have been <br /> provided using revenue from property and sales taxes. Where <br /> appropriate, these public facilities have been and are con- <br /> structed by developers of new development through what are known <br /> as development "exactions." <br /> 2. It is the view of the governing boards of the local <br /> governments within the County that it is neither possible nor ap- <br /> propriate for them to rely solely on the methods available now to <br /> fund or otherwise construct all capital needs. <br /> 3. It is further the view of the governing boards that a <br /> tax on development is the appropriate way to, in part, fund that <br /> portion of the cost of capital projects which: <br /> A. cannot be precisely attributed to any one develop- <br /> ment and therefore cannot be "exacted" from that development; and <br /> 1 <br />