Agenda - 08-30-2007-4 - Laserfiche WebLink

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SL2007-0323 Page 256 of 272 ~-~-~h r~-, ~n+ ~-- - -1 AMEND SALES TAX HOLIDAY SECTION 31.14.(a) G.S. 105-164.3 reads as rewritten: "§ 105-164.3. Definitions. The following definitions apply in this Article: (37b) 37d School instllictional material. -Defined in the Streamlined Agreement. School sLipply. - An item that is commonly used by a stLident in the coLirse of study and ~s considered a 'school n=,,~.,-=~,-~-sunnly or school art suanly Linder the Streamlined Agreement. SECTION 31.14.(b) G.S. 105-164.13C(a) reads as rewritten: "(a) The taxes imposed by this Article do not apply to the following items of tangible personal property if sold between 12:01 A.M._ on the first Friday of AugList and 11:59 P.M. the following Sunday: (1) Clothing with a sales price of one hLUldred dollars.($100.00) or less per item. 2 School sL~pplies with a sales price of one hundred dollars ($100.00) or less per item. 2a School_ instructional materials with a sales Brice of three hundred dollars (3) Computers with ya sales price of three thousand five hundred dollars ($3,500) or less per item. (3a) Computer supplies with a sales price of two hundred fifty dollars ($250.00) or less per item. (4) Sport or recreational equipment with a sales price of fifty dollars ($50.00) or less per item." SECTION 31.14.(c) This section becomes effective October 1, 2007, and applies to sales made on or after that date. CAP THE VARIABLE WHOLESALE COMPONENT OF THE MOTOR FUELS TAX RATE FOR TWO YEARS SECTION 31.15.(a) Notwithstanding G.S. 105-449.80(a), for the period July 1, 2007, through June 30, 2009, the variable wholesale component of the motor fiiel excise tax rate may not exceed twelve and four-tenths cents (12.4¢) a gallon. SECTION 31.15.(b) This section is effective when it becomes law. STATE ASSUME MEDICAID RESPONSIBILITIES SECTION 31.16.1.(a) Effective October 1, 2007, twenty-five percent (25%) of the nonfederal share of Medical Assistance Program costs and Medicare Part D clawback payments borne by the counties, excluding administrative casts, shall be borne by the State. SECTION 31.16.1.(b) Effective July 1, 2008, fifty percent (50%) of the nonfederal share of Medical Assistance Program costs and Medicare Part D clawbaclt payments borne by the counties, excluding administrative costs, shall be borne by the State. SECTION 31.16.1.(c) Effective July 1, 2009, G.S. 108A-54 reads as rewritten: "§ 108A=54. Authorization of Medical Assistance Program. The Department is authorized mn~-e~`ere~~to establish a _ _ _ _ ' - __ _ ._ . '. Medicaid 7 Ca. ~. ~._ ___ J Program in accordance with Title XIX oft e federal Social Security Act. ~fi-~rrr~f~e~e±~_.; .~ ____ _ __,_ -epartment may adopt rul oral share of the costs c le for the county's cost c the