Effective immediately charge 13.75% tax on all rentals beginning
9/1/09.
7.75% shall be submitted to the state and 6% to Bald Head
Island.
If
you rent your home, you are required to remit to
The
Village of Bald Head Island
A 6%
room occupancy tax.
The
revenue generated from this mandatory tax is set
aside in a restricted Capital Project Fund to be used for the
repair and maintenance of Bald Head Island beaches.
The
rental cost is multiplied by six percent (6%), and this amount
is remitted monthly on the 20th day of the month following the
month in which the tax was collected.
A
report must be filed each month whether or not your home is
rented.
The tax shown to be due must be paid with the report or the
following penalties and interest will attach:
·
Ten
percent (10%) of the tax, except that the penalty shall not be
less than five dollars ($5.00);
·
Five
percent (5%) penalty for any person who refuses to file the
return or pay the tax for a period of thirty (30) days after the
time required for filing the return.
·
There is also an additional penalty of five percent (5%) for
each additional month or fraction thereof until the tax is paid.
If a
rental agency handles your property, then the agent will, for
all monies they collect, levy, collect and report the tax.
However, if you rent you property individually,
then it shall be your responsibility to file the report and pay
the accommodations (room occupancy) tax.
Please remember that persons or agencies that fail or refuse to
file the required tax shall be required to pay a penalty. Any
person or agency who willfully attempts in any manner to evade
the tax will be guilty of a misdemeanor. In addition to
the taxes which must be remitted to the Village, sales and use
taxes are also due to the State of North Carolina. Please visit
www.dornc.com
for instructions on how to file the tax.
Forms
If
you are a new homeowner and will be renting your home, please
complete the
Rental Property Information form
and submit it to the Tax Administrator as soon as possible.
! IMPORTANT NOTICE ! UPDATED 9/1/2009
It
has come to the attention of the tax administrator that there
are homes rented privately which are not in compliance with
Village of Bald Head Island. Please be aware that these homes
listed as rentals are being investigated individually. It is
important to note that if you rent your home you are required to
remit a room occupancy tax to Village of Bald Head Island as
well as to the State of North Carolina Department of Revenue.
There are several penalties associated with renting your home
and then failing to comply with tax remittance guidelines. Any
questions regarding this tax or the collection of same should be
directed to the Tax Administrator during regular business
hours. Furthermore, if you are aware of a homeowner who
solicits the rental of their home as a “vacation home that
doesn’t include taxes” then please notify the Tax Administrator
immediately.
IMPORTANT SALES TAX NOTE! UPDATED 9/1/09
Increase in State Sales and Use Tax Rate
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The 2009 North Carolina General Assembly has enacted
legislation that provides for a temporary additional
1% State sales and use tax effective September 1,
2009 and will expire on July 1, 2011. Senate Bill
202 was ratified by the House of Representatives and
the Senate on August 5, 2009 and has been signed by
Governor Perdue.
As a result of the additional 1% State rate
increase, the combined State and county tax rate
will increase to 8.25% in Mecklenburg County, 8% in
Alexander, Catawba, Cumberland, Haywood, Martin,
Pitt, Sampson, and Surry Counties, and 7.75% in the
remaining ninety-one counties.
The combined general rate of tax, which applies to
telecommunications service, ancillary service, video
programming, and spirituous liquor other than mixed
beverages, is the State’s general rate plus the sum
of the rates of local tax authorized for every
county in the State. Therefore, since the
additional 1% has been temporarily increased, the
combined general rate will increase to 8% in all
counties, including Mecklenburg County, until July
1, 2011.
Effective immediately charge 13.75% tax on all
rentals beginning 9/1/09. 7.75% shall be submitted
to the state and 6% to Bald Head Island.
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