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ORDINANCE LEVYING TAX ON GROSS RECEIPTS DERIVED FROM RETAIL <br /> SHORT-TERM LEASE OR RENTAL OF MOTOR VEHICLES <br /> <br /> WHEREAS, the North Carolina General Asse~bly has <br />ratified Senate Bill 1076, signed into law as Session Law <br />2000-2 (S. L. 2000-2) and effective for taxable years <br />beginning on or after July 1, 2000; and <br /> <br /> WHEREAS, this Session Law enacted G. S. 105-275(41), <br />which repealed the property tax on certain vehicles leased. <br />or rented under retail short-term leases or rentals, and <br />enacted G. S. 153A-156, which authorized counties to <br />replace the lost tax revenue through the levy of a local <br />tax on gross receipts derived from short-term leases or <br />rentals. <br /> <br /> NOW, THEREFORE BE IT ORDAINED, by the Cabarrus County <br />Board of Commissioners that the following tax is levied: <br /> <br /> SECTION 1. Tax on Gross Receipts derived from retail <br />short-term motor vehicle leases or rentals. The County of <br />Cabarrus hereby imposes and levies a tax of one and one <br />half percent (1 h %) of the gross receipts from the short- <br />term lease or rental of vehicles at retail to the general <br />public, as authorized by G. S. 153A-156. <br /> <br /> SECTION 2. Administration. The County through its <br />Tax Administrator will administer and collect from <br />operators of leasing.and rental entities the tax levied <br />hereby. The Tax Administrator may promulgate additional <br />lawful rules and regulations necessary for implementation <br />and collection of the tax. <br /> <br /> SECTION 3. Payment of Taxes and Filing of Returns. <br />The taxes levied hereby are due and payable to the County <br />monthly, on or before the fifteenth (15th) day of the month <br />following the month in which the tax accrues. Every entity <br />required to ~ollect the tax shall, on or before the <br />fifteenth (15th) day of each month, prepare and render a <br />return to the County. If the last day for payment of taxes <br />or filing of returns, falls on a holiday, a Sunday, or a <br />Saturday, the deadline shall be extended until the next <br />business day. If payment or filing of a return is by mail, <br />the County will honor a postmark date affixed by the United <br />States Postal Service. This date must be legible; <br />otherwise the payment or return is treated as made when <br /> <br /> <br />