Orange County NC Website
<br /> <br />10) Homestead Exemption – Support revisions to the <br />Homestead Exemption provisions of the Machinery Act to: <br />a) provide greater opportunities for low-income <br />seniors to remain in their homes and not be <br />displaced due to property tax burdens by <br />approving a one-time ten percent (10%) increase <br />in the base income qualification standard; and <br />maintaining the current provisions which increase <br />the income qualification standard each year based <br />on any cost-of-living adjustment made to the <br />benefits under Titles II and XVI of the Social <br />Security Act for the preceding calendar year; and <br />b) diminish the discriminatory features of the <br />current exemption provisions relating to married <br />couples by establishing graduated income <br />qualification standards for single individuals <br />versus married couples; <br /> <br />11) Sales Tax Distribution Formula – Support legislation <br />directing that all sales tax be distributed on a per <br />capita basis as it is fair and more equitable for <br />counties with less economic development as compared to <br />the point of delivery basis. The UNC School of <br />Government has indicated that a per capita basis tax <br />”would indeed be a more even distribution of LOST <br />revenue across the state”; <br />6