Proposal Text

REFERENDUM ON CHARLOTTE CITY INCOME TAX ORDINANCE -- City income tax on corporations and residents 1%, .5% non residents

Shall Ordinance No. 2013-01 adopting the uniform city income tax ordinance, which imposes an annual rate of tax on corporations and resident individuals of one percent and on non resident individuals of .5 percent, effective January 1, 2014, be approved?

PROPOSED AMENDMENT TO SECTION 7.4 OF THE CHARLOTTE CITY CHARTER -- Appropriate 2.34 mills for repairing public streets/highways within city

Shall Section 7.4 of the City Charter be amended to provide for any fiscal year during which the City levies and assesses an income tax, as provided by law, the City Council shall appropriate an amount equal to 0.234 percent (2.34 mills) of the taxable value of all real and personal property subject to the city property tax for the purpose of acquiring, extending, altering, constructing or repairing of public streets and highways within the City of Charlotte?