North Carolina H532 amends laws on research and production service districts and urban research service districts.

North Carolina H532 modifies the legal framework for research and production service districts and urban research service districts. It allows counties to levy additional property taxes within these districts for services, facilities, or functions that counties and cities are authorized to provide. The bill sets tax rate limits and mandates that proceeds from these taxes be used for district-specific services. It also details the process for establishing advisory committees for these districts, including member appointments and the role of the developer of the research and development park.

North Carolina H532 amends laws on research and production service districts and urban research service districts.

North Carolina H532 modifies the legal framework for research and production service districts and urban research service districts. It allows counties to levy additional property taxes within these districts for services, facilities, or functions that counties and cities are authorized to provide. The bill sets tax rate limits and mandates that proceeds from these taxes be used for district-specific services. It also details the process for establishing advisory committees for these districts, including member appointments and the role of the developer of the research and development park.