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/ 1792 <br />RESOLUTION BY THE CABARRUS COUNTY BOARD <br />OF COMMISSIONERS REGARDING SENATE BILL 369 <br />WHEREAS, Senators Harry Brown, Brent Jackson, and Ben Clark have filed and <br />sponsored Senate Bill 369, titled "A BILL TO BE ENTITLED AN ACT TO PHASE - <br />IN THE CONVERSION OF THE LOCAL SALES AND USE TAXES <br />AUTHORIZED UNDER ARTICLES 39, 40, AND 42 TO A STATE SALES AND <br />USE TAX THAT IS ALLOCATED TO THE COUNTIES AND CITIES ON A PER <br />CAPITA BASIS AS A LOCAL REVENUE SOURCE," ( "SB 369 "); and <br />WHEREAS, since enactment, sales taxes in North Carolina have been a primary <br />funding source for the municipalities and counties of the State and considered the <br />"property" of those local governments who provide the resources and <br />infrastructure to generate the sales taxes; and <br />WHEREAS, historically the majority of sales taxes have been distributed on a <br />"point of delivery" basis due in large part to the fairness of the concept that those <br />who pay for the infrastructure supporting sales should be entitled to collect the <br />tax spawned by their investment; and <br />WHEREAS, SB 369 has the stated purpose of taking revenues away from the place <br />where they were generated and redistributing it to counties and municipalities <br />that are less prosperous areas; and <br />WHEREAS, in doing so the legislation provides a windfall to local governments, <br />who have not provided the resources and infrastructure necessary to generate <br />significant sales taxes for their local community, by taking it from the local <br />governments whose communities and budgets bear the physical and fiscal brunt <br />of the costs of development. In effect, the legislation proposes to socialize sales tax <br />revenues and redistribute them under the guise of fairness; and <br />G -3 Page 150 <br />