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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 3/17/03 <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Public Hearing on and consideration ofthe adoption of a Resolution to Preserve the <br />Current Combined State and Local Government Sales and Use Tax at 6 1/2 Percent by <br />Levying the Third 1/2 Percent Local Government Sales and Use Tax Effective July 1,2003 <br /> <br />BRIEF SUMMARY: <br />The 1/2 percent sales taxenacted bythe State effective October 16, 2001 is rescinded on <br />July 1, 2003 (see Session Law2001-424, Section 34.13(c), attached). The leu/of the 1/2 <br />percent local government sales and use taxwould preserve the current sales and use tax <br />at 6 1/2 percent effective July 1,2003. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br /> <br />Conduct public hearing and adopt the Rgsolution to Preserve the Current Combined State <br />and Local Government Sales and Use Tax at 6 1/2 Percent. <br /> <br />Attachments [] Yes [] No Expected Length of Presentation 5 minutes <br /> <br />Submitted By: John Day, Interim County Manager Date: 3/7/03 <br /> <br />Budget Amendment Required: [] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />[] Yes [] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Preserving the current combined sales tax rate of 6 1/2 percent is critical to maintaining the <br />county's sound fiscal condition. <br /> <br />Approval is strongly recommended. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br /> <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br /> <br /> <br />