GENERAL ASSEMBLY OF NORTH CAROLINA
1995 SESSION
CHAPTER 143
The General Assembly of North Carolina enacts:
Section 1. Section 1(e) of Chapter 422 of the 1989 Session Laws reads as rewritten:
"(e) Use of tax revenue. Burke County shall use the net proceeds of the occupancy tax only to promote economic development and travel and tourism in Burke County. The county shall allocate the net proceeds one-half for economic development and one-half for travel and tourism. As used in this subsection, 'net proceeds' means gross proceeds less the cost to the county of administering and collecting the tax, as determined by the finance officer."
Sec. 2. Effective July 1, 1996, Section 1(e) of Chapter 422 of the 1989 Session Laws, as amended by this act, reads as rewritten:
"(e) Use of tax
revenue. Burke County shall use the net proceeds of the occupancy tax
only to promote economic development and travel and tourism in Burke
County. The county shall may allocate the net proceeds
one-half for economic development and one-half for travel and tourism. tourism
or in any other ratio the board of commissioners considers appropriate. As
used in this subsection, 'net proceeds' means gross proceeds less the cost to
the county of administering and collecting the tax, as determined by the
finance officer."
Sec. 3. Section 2 of this act becomes effective July 1, 1996. The remainder of this act becomes effective July 1, 1995.
In the General Assembly read three times and ratified this the 1st day of June, 1995.
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Dennis A. Wicker
President of the Senate
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Harold J. Brubaker
Speaker of the House of Representatives