In an attempt to restructure the distribution formula for sales tax in the state, Senate Bill 369 (Sales Tax Fairness Act) would mean an annual loss of more than $1 million in revenue for Macon County.
Senate Majority Leader Harry Brown, ROnslow, introduced a bill that would move North Carolina to a plan of distributing sales tax revenue based on a per-capita basis rather than based on the location of the sale, which is the system the state currently employs.
Essentially, S369 would convert 2 percent of local sales taxes to a state sales tax over three years. The state would allocate 2 percent of the 6.75 percent state sales tax to counties and cities on a per capita basis. The timeline for the bill would introduce the redistribution over a three year period, being fully implemented by January 2018.