NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 1219

SENATE BILL 926

 

 

AN ACT TO CREATE A PERMANENT TAX STUDY COMMISSION.

 

The General Assembly of North Carolina enacts:

 

Section 1.  Chapter 143 of the General Statutes of North Carolina is hereby amended by adding at the end thereof a new Article 52, to read as follows:

"Article 52

"Tax Study Commission

"§ 143-433.  Tax Study Commission created. — There is hereby created a commission to be known as the Tax Study Commission for the study of the revenue structure of the State, to be composed of eleven members and who shall be appointed biennially as follows: five members shall be appointed by the Governor, three members shall be appointed by the President of the Senate and three members shall be appointed by the Speaker of the House. The term of each member shall commence on July 1 of the year in which appointed, and each member shall serve until his successor is appointed and qualified. Any public officer appointed to the Commission shall serve ex officio in addition to his duties imposed by law.

"§ 143-434.  Duties of Commission. — It shall be the duty of the Commission to study and review the tax laws of the State, both State and local laws, and to recommend such changes as it may deem advisable in the rates of taxation, together with the predicted revenue effects thereof, and with proposed alternate sources of revenue, to the end that the revenue system may be as stable and equitable as possible, and yet so fair when compared with the tax structures of other states that business enterprises and persons will be encouraged to locate and expand business in North Carolina.

"§ 143-435.  Organization of Commission. — Upon its appointment, the Commission shall organize by electing from its membership a chairman and a vice-chairman. The Director of Tax Research shall serve as secretary to the Commission, but shall not be a member. The Commission is authorized, with the approval of the Governor, to employ such clerical and other assistance, professional advice and services as may be deemed necessary in the performance of its duties.

"§ 143-436.  Members to serve without compensation; subsistence and travel expenses. — Members of the Commission shall serve without compensation but they shall be paid such per diem and travel expenses as are provided for members of State boards and commissions generally. The expenses of the Commission shall be paid from the Contingency and Emergency Fund, but the total of such expenses of the Commission shall not exceed the sum of fifty thousand dollars ($50,000) per year.

"§ 143-437.  Assistance to the Commission. — The Commissioner of Revenue and the Director of Tax Research shall make themselves and their staffs available to the Commission, and the tax supervisors of the various counties shall render any assistance and service requested by the Commission.

"§ 143-438.  Reports to Governor and General Assembly. — The Commission shall submit its report by September 1, 1974, and biennially thereafter, to the Governor for transmittal to the Advisory Budget Commission and to the next succeeding General Assembly. The Commission may also make an interim report to the Governor for transmission to the 1973 General Assembly."

Sec. 2.  This act shall be effective on July 1, 1973.

In the General Assembly read three times and ratified, this the 21st day of July, 1971.