Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> <br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />OCTOBER 20, 2008 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Tax Dept. -Resolution Levying a Tax on Gross Receipts Derived from <br />Retail Short-Term Lease or Rental of Heavy Equipment <br />BRIEF SUMMARY: <br />The State Legislature has exempted from the tax base taxes levied on <br />heavy equipment that is subject to short-term lease or rental (NCGS 105- <br />275(42a)). They also passed legislation to allow counties, by resolution, to <br />impose a gross receipt tax equal to 1.2 percent of the gross receipts from <br />the short-term lease or rental of this equipment. To avoid losing the tax on <br />this equipment the following resolution must be adopted in October so that <br />we may start collecting the tax in January 2009. <br />REQUESTED ACTION: <br />Motion to adopt resolution. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Brent Weisner, Tax Administration <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a <br />Consent item. Approval is recommended. <br />Item# 23 <br />F-21 Page 291 of 468 <br />