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Section 1. The expansion of the Local Government Sales and <br />Use Tax Act, as defined in Section 4 of Chapter 832 of the 1987 <br />Session Laws, is hereby adopted. The taxes hereby imposed and <br />levied shall apply to the same extent and be subject to the same <br />limitations as are set forth in Articles 39, 40, 41 and 42 of <br />Chap%er 105 of the General Statutes, as amended. <br /> <br /> Section 2. Collection of the expanded Local Government <br />Sales and Use Tax by the North Carolina Secretary of Revenue, and <br />liability therefor, shall begin and continue on and after the <br />first day of March, 1988. <br /> <br /> Section 3. The net proceeds of the taxes levied herein <br />shall be distributed by the Secretary of Revenue to Cabarrus <br />County and the municipalities therein as prescribed by G. S. 105- <br />472, 486, 493 and 50].. The amount distributed to Cabarrus County <br />shall be divided among the county and the municipalities herein <br />in accordance with the method previously selected by the Board of <br />Commissioners of Cabarrus County in accordance with the <br />provisions of G. S. 105-472. <br /> <br /> Section 4. This Resolution is effective upon its adoption <br />and a certified copy hereof shall be forwarded to the North <br />Carolina Secretary of Revenue, pursuant to the provisions of <br />Section 9 of Chapter 832 of the 1987 Session Laws. <br /> <br /> Adopted this __day of November, 1987. <br /> <br /> <br />