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S.L. 1991-392 Page 2 of 3 31 (e} Use and 13-istribution of Tax Revenue. The Orange County Board of Commissioners shall decide on the allocation of the revenges collected from this tax annually during its budgeting process. At least ten percent (10%) of the annual-re-venues shall be used to provide funding for visitor information services and-ty support cultural events. The county -may contract with nonprofit organizations to undertake or carry out the activities- an~i programs for which the revenue may be expended: All-contracts enteredmto with nonprof t organizations shall require an annual financial audit of any funds expended and a performance audit of contractual obligations. (f) ~ Repeal. A tax levied under this section may be.repealed by resolution adopted by-the Orange County Board of Commissioners. Repeal of a tax levied under this section shall become effective on the first day of a month and may not become effective untilthe-end of-the fiscal year in whickthe repeal resolution was adopted. Repeal of a taxlevied under this-section does not. affect a liability for a tax that attached before ~c effective date of the repeal, nor does it affect a right to a refund of a tax that accrued be~f-ore the effective date of the repeal: Sec. 2. Chapel Hill Motor Vehicle Tax. (a) G S. 20-97(a) reads as rewritten: "(a) All taxes levied- under the provisions of xhis Article are--intended as_compensatory taxes for the use and privileges -of the public highways of this-State; and shall-.be-paid by-the - Commissioner to the State Treasurer, to be credited by him to the State Highway Fund; and no county or-municipality shall levy any license 'or privilege tax upon any motor vehicle licensed by the State of North Carolina, except that cities -and towns other than the City of Durham may levy not more than ~~~s-(~60-~~en dollars- ($10.00 per year upon any vehicle resident therein, and except that the City of Durham may levy. not more than one dollar ($1.-00) per year upon any vehicle resident therein. Provided, further, that cities and towns may levy, in addition to the- amounts hereinabove provided for, a sum not to exceed fifteen dollars-($15.00) per- year upon-each vehicle oper-ated in such city or town as a taxicab." (b) -This section applies only to -the Town of Chapel Hill. Sec. 3. Carrboro Motc~rVehicle Tax. (~) G.S. 20-97(a)xeads as rewritten: "(a) All taxes levied under the provisions of tlris Article are intended as compensatory taxes for the use and privileges of the public highwsays of this State, and shall be paid by the Commissioner to the State Treasurer-, to be credited by him to the State Highway Fund; and no county or municipality shall levy any license or privilege tax upon any motor vehicle licensed by `she State of North Carolina, except that cities and towns other than the City of Durham may levy not more than 9~ten dollars ($10.00) per year upon any vehicle resident therein, and except that the City of Durham may levy not more than one dollar ($1.00) per year upon any vehicle resident therein. Provided, further, that cities and towns may levy, in addition to the amounts hereinabove provided for, a sum not to exceed fifteen dollars ($15.00) per year upon each vehicle operated in such city or town as a taxicab." (b) This section applies only to the Town- of Carrboro. Sec. 4. This act is effective upon ratification. In the General Assembly read three times and ratified this the 25th day of June, 1991. James C. Gardner President of the Senate Daniel Blue, Jr. file://C:\Documents and Settings\gwilder\Loca1 Settings\Temporary Internet Files\OLK18... 8/11/2011