H97 - 2015 Appropriations Act, Sec. 29.27A: Adjust Municipal Vehicle Tax (SL 2015-241)

Overview: Sec. 29.27A of S.L. 2015-241 authorizes an annual municipal vehicle tax of $30 per vehicle resident in the city or town and places any local authorizations under the $30 cap. This section authorizes the tax for the following purposes:

• General purpose. Maximum $5 for any lawful purpose.
• Public transportation. Maximum $5 for financing, constructing, operating, and maintaining local public transportation systems if the municipality operates a public transportation system as defined in G.S. 105-550.
• Public streets. Any of the $30 authorization remaining for maintaining, repairing, constructing, reconstructing, widening, or improving public streets that are not a State highway.

This section becomes effective July 1, 2016.