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2000- ORDINANCE LEVYING TAX ON GROSS RECEIPTS DERIVED FROM RETAIL SHORT-TERM LEASE OR RENTAL OF MOTOR VEHICLES WHEREAS, the North Carolina General Assembly has ratified Senate Bill 1076, signed into law as Session Law 2000-2 (S. L. 2000-2) and effective for taxable years beginning on or after July 1, 2000; and WHEREAS, this Session Law enacted G. S. 105-275(41), which repealed the property tax on certain vehicles leased or rented under retail short-term leases or rentals, and enacted G. S. 153A-156, which authorized counties 'to replace the lost tax revenue through the levy of a ldcal tax on gross receipts derived from short-term leases or rentals. NOW, THEREFORE BE IT ORDAINED, by the Cabarrus County Board of Commissioners that the following tax is levied: SECTION 1. Tax on Gross'Receipts derived from retail short-term motor vehicle leases or rentals. The County of Cabarrus hereby imposes and levies a tax of one and one half percent (1 ~ %) of the gross receipts from the short- term lease or rental of vehicles at retail to the general public, as authorized by G. S. 153A-156. SECTION 2. Administration. The County through its Tax Administrator will administer and collect'from operators of leasing and rental entities the tax levied hereby. The Tax Administrator may promulgate additional lawful rules and regulations necessary for implementation and collection of the tax. SECTION 3. Payment of Taxes and Filing of Returns. The taxes levied hereby are due and payable to the County monthly, on or before the fifteenth (1.5th) day of the month following the month in which the tax accrues. Every entity required to collect the tax shall, on or before the fifteenth (15th) day of each month, prepare.and render a return to the County. If the last day for payment of taxes or filing of returns, falls on a holiday, a'Sunday, or a Saturday, the deadline shall be extended until the next business day. If payment or filing of a return is by mail,