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® Question: Must the board of county commissioners levy a tax if the voters approve a <br />referendum for either the local option transfer tax, sales tax or both? <br />Answer: A board of county commissioners is not obligated to levy a tax if the majority of <br />those voting in a referendum on either the land transfer tax or sales tax vote in support of <br />a levy. <br />Question: Can a county stipulate uses of the monies on the ballot as a part of the <br />referendum? <br />Answer: A county may not stipulate the use of the money on the ballot. <br />Question: Is there a prescribed format for the question of the ballot? <br />Answer: Yes. The legislation specifies how the question must be presented on the ballot: <br />Land Transfer: <br />Ballot Question. - The form of the question to be presented on a ballot for a special <br />election concerning the levy of the tax authorized by this Article shall be: ] FOR [ j <br />AGAINST <br />Real property transfer tax at the rate of up to [X] percent [X%] of value or consideration.' <br />Note: The land transfer tax amount can be set at a rate up to .4%, in increments of <br />.1%. <br />Sales Tax: <br />Ballot Question. - The form of the question to be presented on a ballot for a special <br />® election concerning the levy of the tax authorized by this Article shall be: ] FOR [ ] <br />AGAINST <br />Local sales and use tax at the rate of one-quarter percent (0.25%) in addition to all other <br />State and local sales and use taxes.' <br />Note: The sale tax amount is set at a rate of .25%. <br />Question: When is the earliest the sales tax will become effective if the county board of <br />commissioners levies the sales tax via resolution, (following a referendum) during <br />November 2007? <br />Answer: April 1, 2008, so long as the resolution levying the tax is adopted in November <br />2007. The sales tax may become effective on the first day of any calendar quarter so long <br />as the county gives the Secretary of Revenue at least 60 days advance notice. <br />Question: When is the earliest the land transfer tax will become effective if the county <br />board of commissioners levies the land transfer tax via resolution (following a <br />referendum) during November 2007? <br />Answer: Jan. 1, 2008, so long as the resolution levying the tax is adopted in November <br />2007. The tax may become effective only on the first day of a calendar month set in the <br />resolution levying the tax, which may not be earlier than the first day of the second <br />succeeding calendar month after the resolution is adopted. <br />