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GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 1997 <br /> <br />1 commissioners may, by resolution, extend the tax for an <br />2 additional ten years. <br />3 The expiration of a tax pursuant to this Article does not <br />4 affect the rights or liabilities of the State~ a taxpayer, or <br />5 another person arising under the expired tax; nor does it affect <br />6 the right to any refund or credit of a tax that would otherwise <br />7 have been available under the expired tax before its expiration. <br /> <br /> 8 "~ 105-228.56. Repeal of tax. <br /> 9 A county may, by resolution, repeal a tax levied under this <br />10 Article. Repeal of the tax shall become effective on the first <br /> <br />11 day of a month and may not become effective until the end of the <br />12 fiscal year in which the repeal resolution was adopted.. Repeal <br />13 of a conveyance tax under this Article does not affect a. <br /> <br />14 liability for a tax that attached before the effective date of <br /> <br />15 the repeal or reduction, nor does it affect a right to a refund <br />16 of a tax that accrued before the effective date of the repeal or <br /> <br />17 reduction." <br />18 Section 4. This act is effective upon ratification. <br />19 Section 5. A tax levied under Article 43 of Chapter 105 <br />20 of the General Statutes, as enacted by this act, does not apply <br />21 to construction materials purchased to fulfill a lump sum or unit <br />22 price contract entered into or awarded before the effective date <br />23 of the levy or entered into or awarded pursuant to a bid made <br />24 before the effective date of the levy when the construction <br />25 materials would otherwise be subject to the tax levied under <br />26 Article 43 of Chapter 105 of the General Statutes. <br /> <br />-- 97-LCX-117A <br /> <br /> <br />