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SAL ASSEMBLY OF NORTH CAROLINA <br /> 198'5 SESSION (REGULAR SESSION, 1986) <br /> RATIFIED BILL <br /> CHAPTER 954 <br /> HOUSE BILL 1548 <br /> AN ACT TO AUTHORIZE CAMDEN COUNTY TO LEVY AN EXCISE TAX ON <br /> -- INSTRUMENTS O NVEYING REAL PROPERTY IN CAMDEN COUNTY. <br /> The General Assembly of North Carolina enacts: <br /> Section 1 . . Tax. . (a) Authorization. . <br /> .. Board of Commissioners may, by resolution, levy The excise tax <br /> instruments conveying certain interests in real rn excise erx on <br /> Camden County, including instruments that convey real terestty in <br /> mobile home that, at the time of the conveyance is taxed eas real <br /> property. _ The tax imposed may not exceed one dollar <br /> each one hundred dollars ($�1• p0) on <br /> consideration or value of the interest or <br /> conveyed, thereof of the <br /> value of any lien or encumbrance remaining on the rncerting the <br /> time of sale. . This tax is in addition to the tax levied the <br /> Article BE of Chapter 105 of the General Statutes. _ d by <br /> instruments convcopeg an tax <br /> elesilevied innder this act applies <br /> insnry nts nn real y to del <br /> except instrument: <br /> property in Camden <br /> (1) Conveying an interest in real <br /> United States, the State pr°Perry from the <br /> subdivision of the State; °= a political <br /> (2) Securing indebtedness; or <br /> (3) Recording a transfer in which no consideration was <br /> paid or is due the transferor by the transferee. . <br /> In addition, this tax does not a of <br /> an interest in real property by operation pply w, cbyvewill,, by <br /> intestacy, by merger, or by consolidation. of law, by Will, by <br /> (C) Collection. _ A tax levied under this act is payable <br />_ Collect transferor hallthe interest to the Camden County <br /> at the tax collector's office before ethe�intrumentaconveying Tax <br /> interest is recorded. . paid <br /> mark each instrument subject atoc the etax rtohindicate that otherwise <br /> has been paid. _ The Camden indicate that the tax <br /> x <br /> accept for recordation an instrumenttysubjecttetoof tax may levied <br /> under this act unless the instrument bears the tax collector's r <br /> mark indicating that the tax has been paid. . <br /> under (d) Use of tax revenue. _ <br /> this act shall be placed in a specialoCapitalfReserveleFund ed <br /> is the general fund of Camden County. . Revenue in <br /> be used by the county only for capital expenditures. this Fund may. <br /> (e) Penalties. . A person who knowingly fails to <br /> tax levied under this act, who knowingly pay a <br /> pay a tax levied under this act, g y aids another to fail to <br /> ( . all of the tax due under this act knowingly who, to avoid <br /> consideration for an interest conveyed is paying part total <br /> misstates ty of the taro r <br /> and is punishable by imprisonment for up toutwoy of a misdemeanor <br /> of not less than one hundred dollars years and a fine <br /> .. __.w..tbousand--doljars`(S1 000) . T- 100. 00) nor more than one <br />