§ 105-501 – Distribution of additional taxes.
105-501. Distribution of additional taxes. (a) Method. – The Secretary must, on a monthly basis, allocate to each taxing county the net proceeds of the additional one-half percent (1/2%) sales and use taxes collected in that county under this Article. If the Secretary collects taxes under this Article in a month and the taxes cannot […]
§ 105-502 – Use of additional tax revenue by counties.
105-502. Use of additional tax revenue by counties. (a) Restriction. – The county must use sixty percent (60%) of the amount of revenue specified in this subsection for public school capital outlay purposes as defined in G.S. 115C-426(f) or to retire any indebtedness incurred by the county for these purposes during the period beginning five […]
§ 105-503 – Recodified as § 115C-440.1 by Session Laws 1995 (Regular Session, 1996), c666, s4.
105-503: Recodified as 115C-440.1 by Session Laws 1995 (Regular Session, 1996), c. 666, s. 4.
§ 105-506 – Short title; purpose.
105-506. Short title; purpose. This Article is the Local Government Public Transportation Sales Tax Act and may be cited by that name. This Article gives the counties and transportation authorities of this State an opportunity to obtain an additional source of revenue with which to meet their needs for financing local public transportation systems. It […]
§ 105-506.1 – Definitions.
105-506.1. Definitions. The definitions in G.S. 105-164.3 and the following definitions apply in this Article: (1) Board of trustees. – The governing body of a transportation authority. (2) Net proceeds. – Gross proceeds less the cost of administering and collecting the tax. (3) Public transportation system. – Any combination of real and personal property established […]
§ 105-487 – Use of additional tax revenue by counties.
105-487. Use of additional tax revenue by counties. (a) Except as provided in subsection (c), forty percent (40%) of the revenue received by a county from additional one-half percent (1/2%) sales and use taxes levied under this Article during the first five fiscal years in which the additional taxes are in effect in the county […]
§ 105-472 – Disposition and distribution of taxes collected.
105-472. Disposition and distribution of taxes collected. (a) County Allocation. – The Secretary shall, on a monthly basis, allocate to each taxing county for which the Secretary collects the tax the net proceeds of the tax collected in that county under this Article. For the purpose of this section, "net proceeds" means the gross proceeds […]
§ 105-473 – Repeal of levy.
105-473. Repeal of levy. (a) The board of elections of any county, upon the written request of the board of county commissioners thereof, or upon receipt of a petition signed by qualified voters of the county equal in number to at least fifteen percent (15%) of the total number of votes cast in the county […]
§ 105-474 – Definitions; construction of Article; remedies and penalties.
105-474. Definitions; construction of Article; remedies and penalties. The definitions set forth in Article 5 of Subchapter I of this Chapter shall apply to this Article insofar as such definitions are not inconsistent with the provisions of this Article, and all other provisions of Articles 5 and 9 of Subchapter I of this Chapter as […]
§ 105-480 – Short title.
105-480. Short title. This Article shall be known as the First One-Half Cent (1/2 ) Local Government Sales and Use Tax Act. (1983, c. 908, s. 1; 2002-123, s. 8(b).)