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2001 Session S.L. 2001-424 <br /> <br /> parking lots at the~Samarkand Youth Academy and for additional street li~htin and. <br /> repatrs of bmlding~at the Academy. ' <br /> <br /> . The re~inder of the net proceeds from the sale of the timber at Samarkand <br /> youth Academy, if~any, shall revert to the General Ftmd. <br /> <br /> PART XXXIV. EiDUCATION/}IUMAN RESOURCES~IENTAL HEALTH <br /> REVENUE INITIATIVES <br /> <br /> Requested by: ~ Senators Hoyle, Kerr, Plyler, Odom, Lee; Kepresentatives Allen, <br /> Buchanan, Luebke, ~-Wainwright, Easterling, Oldham, Redwine <br /> INCREASE STAI]E SALES TAX BY ONE-ItALF CENT UNTIL JULY 1, 2003. <br /> SECTIOn. 34.13.(a) The introductory language of G.S. I05-164.4(a) reads <br /> as rewritten: ; ..... <br /> · ( ) A privilege tax is tmposed on a re~ler at the following percentage rates of <br /> me retailers net tax_tble sales or gross receipts, as appropriate. The general rate of tax is <br />· ,%',x-, percent (~. o/~)._~_~ur and one-half percent..(4 ½%)." · <br /> <br /> SECTIO~ 34.13.(b) The provmons of this section increasing the general <br /> .rate of State sales ax do not apply to construction materials purchased to fulfill a <br /> lump-sum or unit-pl .ce contract entered into or awarded before the effective date of the <br /> increase or entered: ato or awarded pursuant to a bid made before the effective date of, <br /> the increase when th consmacfion materials would othenvise be subject to the increased <br /> rate of tax provided ruder this section. <br /> - SECTIO 34.13.(c) This section becomes effective October 16, '20'01,'and <br /> applies to sales ma( on or after that date. This section is repealed effecti('~ for sales <br /> made on or after Jul', 1, 2003. This section does not affect the fights or liabilities of the <br /> State, a taxpayer, ol motherperso_n arising .under a statute amended or repealed by this <br /> section before the e: :'ective date of its amendment or repeal; nor does it affect the fight, <br /> to any refund or credit of a tax that accrued }~der the mended or repealed s~mte <br /> before the effective, late of its amendment or repeal. <br /> <br />Requested by: ~enators Hoyle, Kerr, Plyler, Odom, Lee; Representatives Allen,' <br />Buchanan, Luebke, .Wainwright, Easterling, Oldham, Redwine <br />LOCAL OPTION SALES TAX/HOLD ItARMLESS <br /> SECTIOI~ 34.14.(a) Subchapter VIII of Chapter 105 of the General Statutes <br />is amended by addinl~ a new Article to read: , <br /> "Article 44. . ,' <br /> "Third O~e-Half Cent (½¢) Local Government Sales and Use Tax <br />"~ 105-515. Short tiffe. <br /> Tbs Article is tl~ Th/rd One-Half Cent (½¢) Local Government Sale~ and Use Tax <br />Act. <br /> <br />"~105-516: Limita~ <br /> This Article apol <br />tax under Article 39 <br /> <br />the first one-half ce~: <br />the second one-half( <br /> 105-517. <br /> <br />to <br /> <br />additiOn to <br />commissioners 6f a <br /> <br />and use taxes in <br />to law. Before <br /> <br />0115. ' <br />only to counties that levy the first one-cent (1¢)'sales ~nd use <br />this- Chapter or under Chapter 1096 of the 1967 SessiOn L~aws <br />(½¢) local sales and use tax under Article 40 of thls Ch~ter, anc~ <br />:nt (~A¢) local sales and use tax under Article 42 of thin Chapter.. <br /> <br />- If a ma <br /> <br />election held pursuant <br />of comm~._qsioners of a <br /> use taxes in <br /> <br /> law. <br /> ~ taxes under thl.q Article ha~q <br />within two the board of <br /> ales <br /> <br />board of commissioners <br /> <br />399 <br /> <br /> <br />