§ 105-552.  Collection and administration of gross receipts tax.

(a) Effective Date. - A tax or a tax increase levied under this Article becomes effective on the date set by the board of trustees in the resolution levying the tax or the tax increase. The effective date must be the first day of a month and may not be earlier than the first day of the second month after the board of trustees adopts the resolution.

(b) Collection. - A tax levied by an Authority under this Article shall be collected by the Authority but shall otherwise be administered in the same manner as the gross receipts tax levied under G.S. 105-187.5. Like the gross receipts tax, a tax levied under this Article is to be added to the lease or rental price of the vehicle and thereby be paid by the person to whom it is leased or rented.

A tax levied under this Article applies regardless of whether a retailer who has the option of paying the gross receipts tax under G.S. 105-187.5 has elected to pay the gross receipts tax on the lease or rental receipts from the vehicle. A tax levied under this Article must be paid to the Authority that levied the tax by the date the gross receipts tax levied under G.S. 105-187.5 is payable or would be payable to the Secretary of Revenue if the retailer who leases or rents the U-drive-it vehicle or motorcycle had elected to pay the optional gross receipts tax.

(c) Penalties and Remedies. - The penalties and remedies that apply to local sales and use taxes levied under Subchapter VIII of this Chapter apply to a tax levied under this Article. The board of trustees of an Authority may exercise any power the Secretary of Revenue or a board of county commissioners may exercise in collecting local sales and use taxes.  (1997-417, s. 3; 1998-98, s. 35; 1999-452, s. 28; 2026-31, s. 7.2(e).)