Orange County NC Website
1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: December 10, 2024 <br /> Action Agenda <br /> Item No. 8-e <br /> SUBJECT: Refund of Overpayment of Excise Tax to Bagwell Holt Smith, P.A. <br /> DEPARTMENT: Register of Deeds <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Refund Request Letter from Bagwell Holt Amy McLamb, 919-245-2677 <br /> Smith, P.A. Mark Chilton, 919-245-2679 <br /> Recorded Corrective Affidavit <br /> Recorded Deed and Receipt <br /> Related North Carolina General Statutes <br /> PURPOSE: To approve a refund request for overpayment of excise tax in the amount of $400 <br /> from Bagwell Holt Smith, P.A. <br /> BACKGROUND: North Carolina General Statute 105-228.37 sets forth the process for requesting <br /> a refund of overpayment of excise tax. The statute states a taxpayer who pays more than is due <br /> may request a refund by submitting a written request for a refund to the Board of County <br /> Commisioners of the county where the tax was paid, and must explain why the taxpayer believes <br /> a refund is due. <br /> On July 29, 2024, Bagwell Holt Smith, P.A. submitted a Deed for electronic recording stating the <br /> amount of excise tax due as $800, which was collected at the time of recording. <br /> On October 31, 2024, Bagwell Holt Smith, P.A. recorded a corrective Affidavit stating the amount <br /> of $800 in excise tax was incorrect, and it should have been $400. Bagwell Holt Smith has <br /> submitted the attached written request for a refund of $400 for overpayment of excise tax. <br /> FINANCIAL IMPACT: Bagwell Holt Smith P.A. is requesting a $400 refund for overpayment of <br /> excise tax. <br /> ALIGNMENT WITH STRATEGIC PLAN: There are no Orange County Strategic Plan Goals <br /> applicable to this item. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the refund of $400 <br /> in overpayment of excise tax to Bagwell Holt Smith, P.A. <br />