§ 105-555 – Repeal of tax or decrease in tax rate.
105-555. Repeal of tax or decrease in tax rate. The board of trustees of an Authority may repeal a tax levied under this Article or decrease the tax rate of a tax levied under this Article. The same restrictions that apply to the levy of a tax or an increase in a tax rate under […]
§ 105-550 – Definitions.
105-550. Definitions. The definitions in G.S. 105-164.3 and the following definitions apply in this Article: (1) Authority. – A regional public transportation authority or a regional transportation authority created pursuant to Article 26 or Article 27 of Chapter 160A of the General Statutes. (2) Long-term lease or rental. – Defined in G.S. 105-187.1. (3) Motorcycle. […]
§ 105-551 – Tax on gross receipts authorized.
105-551. Tax on gross receipts authorized. (a) Tax. – The board of trustees of an Authority may levy a privilege tax on a retailer who is engaged in the business of leasing or renting U-drive-it vehicles or motorcycles based on the gross receipts derived by the retailer from the short-term lease or rental of these […]
§ 105-552 – Collection and administration of gross receipts tax.
105-552. Collection and administration of gross receipts tax. (a) Effective Date. – A tax or a tax increase levied under this Article becomes effective on the date set by the board of trustees in the resolution levying the tax or the tax increase. The effective date must be the first day of a month and […]
§ 105-553 – Exemptions and refunds.
105-553. Exemptions and refunds. No exemptions are allowed from a tax levied under this Article. No refunds are allowed for a tax lawfully levied under this Article. (1997-417, s. 3.)
§ 105-554 – Use of tax proceeds.
105-554. Use of tax proceeds. An Authority that levies a tax under this Article may use the proceeds of the tax for any purpose for which the Authority is authorized to use funds. An Authority shall use the tax proceeds to supplement and not to supplant or replace existing funds or other resources for public […]