158-16. Board of commissioners may call tax election; rate and purposes of tax.
The board of county commissioners in any county is authorized and empowered to call a special election to determine whether it be the will of the qualified voters of said county that they levy and cause to be collected annually, at the same time and in the same manner as the general county taxes are levied and collected, a special tax at a rate not to exceed five cents (5 ) on each one hundred dollars ($100.00) valuation of property in said county, to be known as an "industrial development tax," the funds therefrom, if the levy be authorized by the voters of said county, to be used for the purpose of attracting new and diversified industries to said county, and for the encouragement of new business and industrial ventures by local as well as foreign capital, and for the purpose of aiding and encouraging the location of manufacturing enterprises, making industrial surveys and locating industrial plants in said county, and for the purpose of encouraging agricultural development in said county. Any special election shall be conducted in accordance with G.S. 163-287. (1959, c. 212, s. 1; 2013-381, s. 10.25; 2017-6, s. 3; 2018-146, ss. 3.1(a), (b), 6.1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 158 - Local Development
Article 3 - Tax Elections for Industrial Development Purposes.
§ 158-16 - Board of commissioners may call tax election; rate and purposes of tax.
§ 158-17 - Registration of voters; election under supervision of county board of elections.
§ 158-18 - Form of ballot; when ballots supplied; designation of ballot box.
§ 158-19 - Counting of ballots; canvassing, certifying and announcing results of elections.