Agenda - 06-18-1985 - Laserfiche WebLink

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tax � SESiQ� 1985 MBLY OF NORTH CAROLINA Geneical assembly shalP9� GENERAL ASSE and distributs.on. . The (3) Sales ta five P ercent (5%) on 1 taxes of at least 2 levy State sales and use or used in the State. _ The property sold tax it � tangible personal prO�3e bons from this make any exemptions gsseably may use of 4 General tax the sale or are appropriate, but it may not The tax 5 determines ar . general rate. .the g 6 some property at a rate laver than taxes shall be percent (5%) State sales and use .to basis. g The ? revenue from figs P and tovns on a per caps to counties, Cities, or towns 8 distributed counties, cities. General assembly may not asthori2e 10 to levy local sales and use taxes. . the tax One-half of Distribution of corporate income tax. _ distributed to 11 (4) DS.str shall be ne from corporate income taxes 12 raven er capita basis• unties, cities. and towns on a P '-'; and 13 co between the words Hof° and "tax's it be be • 14 � na State". 15 subsection (6) the words II of Chapter 105 of the General Sec. . 2. , Subchapter Statutes are 16 7 of Chapter 105 of the General 17 Statutes and Article 18 repealed• III of -Chapter 105 of the General Sec. . 3. _ Subchapter Y 19 a]I,ed Chapter 20 Statutes is rape ter 1096 of the 1967 Session Laws; Sec. - 4. . Chap 1100, Section 3. 21 o f the 1979 Session Laws; Chapter Session) ; Chapter 4• 22 12, Section 2, ular the 1979 Session Laws (1980 Beg 23 of th and 'Chapters 781 and 782 of 24 Section 3, of the 1981 Session Laws;. an 1971 Session Laws are repealed. 25 the 151 is repealed. - 26 Sec. 5. . G.5. . 153A- 27 deleting the phrase 05-168.4. G.5: . 105-164.6. and G. S. _ 10S "three percent 28 164. 10 are amended by gazes$ Bill 1314 2