§ 105-561 – Authority registration tax authorized.
105-561. Authority registration tax authorized. (a) Tax Authorized. – The board of trustees of an Authority may, by resolution, levy an annual license tax in accordance with this Article upon any motor vehicle with a tax situs within its territorial jurisdiction. The purpose of the tax levied under this Article is to raise revenue for […]
§ 105-562 – Collection and scope.
105-562. Collection and scope. (a) Collection. – 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 may not be earlier than […]
§ 105-563 – Modification or repeal of tax.
105-563. Modification or repeal of tax. The Board of Trustees may, by resolution, repeal the levy of the tax under this Article or decrease the amount of the tax, under the same procedures and subject to the same limitations as provided in G.S. 105-561. A tax repeal or a tax decrease becomes effective on the […]
§ 105-564 – Distribution and use of proceeds.
105-564. Distribution and use of proceeds. The Authority shall retain the net proceeds of taxes it collects under this Article. Taxes collected by the Division of Motor Vehicles under this Article shall be credited to a special fund and the net proceeds disbursed quarterly to the appropriate Authority. Interest credited to the fund shall be […]
§ 105-560 – Definitions.
105-560. Definitions. (1) Authority. – Any of the following: a. A public transportation authority created pursuant to Article 25 of Chapter 160A of the General Statutes that includes two or more counties. b. A regional public transportation authority created pursuant to Article 26 of Chapter 160A of the General Statutes. c. A regional transportation authority […]