GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
S	2
SENATE BILL 660
Second Edition Engrossed 9/26/01

 
Short Title:	Chatham Auto Tax for Econ. Development.	()	
Sponsors:	Senators Kinnaird and Lee.	
Referred to:	Finance.	
March 22, 2001

A BILL TO BE ENTITLED
AN ACT TO AUTHORIZE CHATHAM COUNTy TO LEVY A TAX OF NOT MORE THAN FIVE DOLLARS PER YEAR ON ANY VEHICLE RESIDENT IN THE COUNTY and to require the funds generated to be used for economic development.

The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 20‑97 is amended by adding a new subsection to read:
"(c1)	County Tax for Economic Development. – A county may levy a tax of not more than five dollars ($5.00) per year on any vehicle resident in the county. The proceeds of the tax may be used only for economic development projects within the county."
SECTION 2.  This act applies to Chatham County only and only the Chatham County Economic Development Commission may use the funds.
SECTION 3.  This act becomes effective January 1, 2002.