GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

S	1 

SENATE BILL 823*

Short Title:  Downtown Revitalization Study.	(Public)

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Sponsors: Senators Shaw of Cumberland; Blust, Carpenter, Jordan, Ledbetter, Lucas, Martin of Guilford, Shaw of Guilford, and Weinstein.

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Referred to:  Rules and Operations of the Senate.

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April 14, 1997

A BILL TO BE ENTITLED
AN ACT TO AUTHORIZE THE LEGISLATIVE RESEARCH COMMISSION TO STUDY DOWNTOWN REVITALIZATION.
The General Assembly of North Carolina enacts:
Section 1.  The Legislative Research Commission is authorized to continue its study of ways to encourage the revitalization of downtown areas. This study may include the following:
(1)	Tax credits and incentives to encourage commercial and residential investments in downtown areas, including the use of enterprise zones.
(2)	A constitutional amendment to allow counties and cities to provide reduced property tax values and lower property tax rates for property located in a downtown area.
(3)	Tax increment financing.
(4)	Increased local input in ABC licensing decisions.
(5)	Regulation of abandoned buildings.
(6)	The role of municipalities in the future needs of the State.
Section 2.  This act is effective when it becomes law.