Agenda - 04-12-2011 - 2 - Laserfiche WebLink

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~~71~ ~~~ ~7L' ~~11'1 ~~LL ~~~ ho~~t Title: Distribute of Excise Tai ~~. T~t~e Z~~stz~uents. (.P~b1ic) Sponsors enata~{s ar~sfield, Bunn, glary; Apodaca, ~a~-te~l, ~en~ins, ~1t~naird, c~is~c, Rabon, rid falters. Refe~~•ed toy ~r~a~ce~ larch ~, a I 1 2 3 4 5 8 ~0 l~ ~~ ~3 14 ~5 I~ ~7 ~S ~. ~~~,~ ~~ ~~ ENTITLED AN AST ~~ E OLTER .~.~'~RD,~4.LE ~SI~C THR~~~ E~~TA.~LE D~TRIBUT~~N ~~ ~'~ ~ '~.A . The general Asse~r~bly of North ~araliea enacts E~T~~N 1, ,, ~ 05-5~3~~b~ reads as xe~z~itten: '"~b~ Tlx register of deeds of each caue~y must ren~~t tie proceeds a~ the tai ~e~~ed ~~ tl~is sectioz~ to the county finance officer, The f~na~ce o~cex o~ each ca~ty must credit one~~~al~ of the proceeds to the couety"s gene~+a~ a~und and re~r~~t the ren~ainin one-half of the proceeds, less the county"s allo~~aece for adm.inistrat~~e expenses, to the Department off' Re~en~e o~ a naox~tl~ baszs. . county ~na~ retain o percent ~2°fo} of the amoue~ of fax proceeds allocated for rern~ttance to the Department o£ Revenue as compensation fog the cor~~~ty~s cost ~~. colect~ng anal zex~itt~~~ the tatets share of tl~e tax, ~~` the foods remitted to ~t pu~~suant to this sect~On, the Depart~~ent of Revenue must c~ed~t ~ fi# ercent o°l~} to the North Carolina ~aus~n Trust fund established u~de~~ .. ~~~E~3, thirty-seen peg;cent ~3~'°~0~ to t~~e far a~ad Recreation Trust ~u~.d established under ° .. ~ 1 ~,~~. ~ 5, and thi~~tee~a pe~~~e~at ~ ~ ~°Io~ to tlae Nataral ~eritae Trust Fund established unde~~ ~~ ~ ~~77~~f"' ~T~O~ ~. This act becomes ef~`ectl~e ~~~~ 1, ~~ ~, and applies to l~struments ~~ecorded on or aver that date. y E~; ~ ,; , i ;s ~ .s i i ;: 6i i E a ~ k ~ ! I' ~i i S; ~ ~ S 4 6 2 V~~~