EMERALD ISLE, NC (AP) — The town of Emerald Isle wants a new sales tax to help renourish its disappearing beaches.
The Daily News of Jacksonville reported that the town is seeking legislative approval for a referendum to let the town levy a one-cent tax for beach preservation. All sales and use transactions would be taxed.
Town officials say the tax would raise $700,000 to $800,000 annually. Town Manager Frank Rush says officials want to pursue the tax because it’s uncertain whether the state will continue to contribute to beach renourishment projects.
County and town taxes pay about 75 percent of the cost now with the state traditionally covering the remaining 25 percent.
The tax would set a precedent in North Carolina because counties collect all municipal sales and use taxes now.
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