Gaston County - File #: 16-216

• File #: 16-216
• Type: Resolution (Consent)
• Status: Passed
• File created: 4/25/2016
• In control: County Manager
• On agenda: 4/26/2016
• Final action: 4/26/2016
• Enactment date: 4/26/2016
• Enactment #: 2016-126
• Title: Commissioners Philbeck, Carpenter, Williams, Fraley, & Brown - A Resolution in Support of Assigning the Service Sales Tax Revenue to Economic Development Capital Needs
• Sponsors: Tracy L. Philbeck, Joe D. Carpenter, Jason Williams, Allen R. Fraley

Date	Ver.	Action By	Action	Result
4/26/2016	1	Board of Commissioners	approved	Pass

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Commissioners Philbeck, Carpenter, Williams, Fraley, & Brown - A Resolution in Support of Assigning the Service Sales Tax Revenue to Economic Development Capital Needs

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STAFF CONTACT

Earl Mathers, County Manager - (704) 866-3101

BUDGET IMPACT
budget

N/A

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BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

In the 2015 Legislative Session, the North Carolina General Assembly enacted a new service sales tax, effective March 1, 2016, and the estimated additional revenue to Gaston County annually is $920,000.  The Board of Commissioners believes that it is in the best interest of the citizens of the County to earmark this new service tax revenue, beginning in 2017 and annually thereafter, to economic development capital.  The annual proceeds from the service sales tax will be placed into a separate account solely for economic development activities.

POLICY IMPACT

N/A

ATTACHMENTS

Resolution