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

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SL2007-0323 Page 262 of 272 from State tax lu~der G.S. 105-164.13B. b. Twenty-five percent (25%) of the amount of sales and use tax revenue G.S. 105-164.13B. c. e amount etermined under sub-subdivision a. of this subdivision su tracte om t e amount etermine un er su -su ivrslon. . o t 1s one-quarter percent (.25%) tax on the basis of point of origin instead of SECTION 31.16.4.(e) For fiscal year 2009-2010, the repealed sales tax amount determined under G.S. 105-522(2)(a)(2)b, as enacted by this section, and G.S. 105-523(a)(2)b, as enacted by this section, is calculated based on twenty-five percent (25%) of the amount distributed to a municipality or cotuzty under Article 39 of Chapter 105 of the General Statutes or Chapter 1096 of the 1967 Session Laws on or after October 1, 2009, less the amount distributed to the municipality or county on the basis of point of origm under repealed G.S. 105-520(a) in October, November, and December of 2009. SECTION 31.16.4.(f) The title of Article 44 of Chapter 105 of the General Statutes reads as rewritten: "Article 44. ~~ .Local Government Hold Harmless Provisions." SECTION 31.16.4.(8) G.S. 105-164.4(a), as amended by Sections 31.2 and.31.16.3 (h) of this act, reads as rewritten: "(a) A privilege tax is imposed on a retailer at the following percentage rates of the retailer's net taxable sales or gross receipts, as appropriate. The general rate of tax is four and .three- uarters percent 4.75% ." SECTION 31.3~4~is section ecomes effective October 1, 2009. Subsections (a) and (g) of this section apply to sales occurring on or after that date. Subsections (b), (c), and (d) of this section apply to distributions for months beginning on or after that date.