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3 <br /> SPECIAL TAX BOARD 4600 Emperor Boulevard <br /> Suite 100 <br /> Triangle MEETING MINUTES Durham, NC27703 <br /> Tuesday, October 1, 2024 2:00 p.m. Remote I Microsoft Teams <br /> Durham County Orange County Wake County <br /> *Nimasheena Burns *Jamezetta Bedford *Matt Calabria <br /> *Brenda Howerton *Jean Hamilton *Susan Evans <br /> *present <br /> The meeting was called to order at 2:02 p.m. A quorum was present. <br /> 1. Call to Order <br /> The meeting was called to order at 2:02 p.m. A quorum was present. <br /> 2. Discussion of Vehicle Registration Tax Increase <br /> Byron Smith informed the group that the General Assembly passed House Bill 199, which <br /> became effective on July 1, 2024, and will allow for a $2 increase to the vehicle registration tax. <br /> He added that the initial tax was $5, which had had one increase to $8. Analysts report the <br /> spending power is less than $2 now. The $2 increase could bring in an additional $2.6 million in <br /> annual revenue to GoTriangle. <br /> Smith said the initial request was for an increase in addition to having the tax indexed to <br /> inflation like other DMV fees. The Senate Transportation Committee pulled out the indexing <br /> language. Smith recognized State Senators Murdoch and Woodard who assisted in getting this <br /> passed in a bipartisan manner. <br /> The requirements to implement the tax increase are: <br /> • GoTriangle Board of Trustees holds a public hearing on the proposed increase after 10 <br /> days' notice. <br /> • Special Tax Board adopts a resolution approving the tax increase. <br /> • Boards of County Commissioners in Durham, Orange and Wake counties adopt a <br /> resolution approving the tax increase. <br /> • GoTriangle Board of Trustees adopts a resolution levying the tax increase. <br /> Once approved the resolutions are sent to the Department of Motor Vehicles and collection <br /> cannot begin until six months after notice. <br /> Commissioners stated their support for the increased tax and discussed the possibilities for <br /> getting this item on their respective boards' agenda as soon as possible in order to expedite <br /> collection of the additional tax. <br />