Agenda - 03-06-2001-10a - Laserfiche WebLink

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4 AN ACT TO AUTHORIZE SUPPLEMENTAL REGISTRATION TAX FOR THE ' CONSTRUCTION OR OPERATION OF MAJOR TRANSIT IMPROVEMENTS AND INVESTMENTS. The General Assembly of North Cazolina enacts: Section 1. G.S. 105-561. is amended to add a new subdivision to read: " al) Supplemental Tax Authorized. - The boazd of trustees of an Authority created ursuant to Article 26 of Cha ter 160A of the General Statutes ma b resolution 1e a supplemental annual license tax in accordance with this Article upon_any motor vehicle subject to the tax authorized_in_subdivision L). Any,tax levied under this subdivision maybe in addition to any tax levied under subdivision (al. The purpose of any tax levied under this subdivision shall be to supplement the construction or operation of maior transit improvements and investments. The rate of a supplemental tax authorized under this subdivision must be a fu11 dollaz amount, but may not exceed four dollars ($4.00) a ~" Section 2. G.S.160A-613 is amended to add a new subdivision to read: "(c)„The Authority may levy a supplemental annual vehicle registration tax not to exceed four dollars ($4.OO~per vehicle in accordance with G.S. 160A-623." Section 3. G.S: 160A-623 is amended to read as rewritten: "In accordance with Article 51 of Chapter 105 of the General Statutes, an Authority organized under this Article may levy an annual license tax and a supplement annual license tax upon any motor vehicle with a tax situs within its territorial jurisdiction as defined b~ G.S. 160A-602. A tax levied under this section before the enactment of Article 51 of Chapter 105 of the General Statutes is considered a tax levied under Article 51 of Chapter 105 of the General Statues." Section 4. This act is effective for tax years beginning on or after January 1, 2004. Draft for Review/Discussion X/22/Ol J,•Data: TTA_Adl:zegis: 2001 state