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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 27, 2002 <br /> Action Agenda <br /> Item No. <br /> SUBJECT: Resolution Regarding Article 44 One-Half Cent Local Government Sales and <br /> Use Tax <br /> DEPARTMENT, County Manager PUBLIC HEARING: (YIN) No <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> John Link, ext 2300 <br /> Summary of Procedures for Implementing <br /> the Third ''Y2 Cent Local Option Sales Tax TELEPHONE NUMBERS: <br /> NCACC Summary of Article 44 Sales Tax Hillsborough 732-8181 <br /> Listing of Projected Revenues for Orange Chapel Hill 9684501 <br /> County and Three Municipalities Durham 688-7331 <br /> Draft Resolution Mebane 336-227-2031 <br /> PURPOSE: To consider approval of a draft Resolution Regarding The Third One-Half Cent <br /> Local Government Sales and Use Tax Authorized by Section 34. 14 (a) of Session Law 2001 - <br /> 424 and Codified as Article 44 of the General Statutes of North Carolina. <br /> BACKGROUND: As the Board is aware, the North Carolina General Assembly has authorized <br /> local governments to begin implementation of the Article 44 one-half cent local government <br /> sales and use tax on July 1 , 2003. The Board is also aware that there have recently been <br /> discussions in the General Assembly concerning several proposals to move up the <br /> implementation date for local governments to some time prior to July 1 , 2003, possibly to <br /> August 1 , 2002. This would be done to replace the reimbursements which local governments <br /> currently receive from the State, and local governments would be "held harmless" regarding <br /> expected revenues with the State making up any shortfall in revenues received. <br /> Information regarding the one half-cent sales tax is attached and includes a Summary of <br /> Procedures for Implementing the Third One-Half Cent Local Option Sales Tax, which was <br /> provided by the North Carolina Association of County Commissioners (NCACC). A short <br /> summary of the Article 44 Sales Tax from NCACC as well as a listing of projected revenues for <br /> Orange County and the three municipalities if the sales tax is implemented is also attached. <br /> The BOCC held a public hearing on this one half-cent local government sales and use tax on <br /> June 20, 2002. Two residents spoke at the public hearing. <br /> Having conducted the public hearing, it is now appropriate for the Board to consider approval as <br /> necessary of a resolution to implement the Article 44 one half-cent sales and use tax. A draft <br /> resolution is provided as the last attachment to this abstract. <br />