GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1991

H	1 

HOUSE BILL 594

Short Title:  No Newspaper Insert Tax Exemption.	(Public)
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Sponsors: Representatives Beall; and Bowman.
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Referred to:  Finance.
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April 4, 1991

A BILL TO BE ENTITLED
AN ACT TO REPEAL THE SALES TAX EXEMPTION FOR NEWSPAPER INSERTS AND TO USE THE REVENUE GENERATED BY THE REPEAL FOR SOLID WASTE MANAGEMENT.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-164.13(36) is repealed.
Sec. 2.  G.S. 105-164.44A reads as rewritten:
"§ 105-164.44A. Tax on newspaper inserts transferred to Solid Waste Management Trust Fund.
As soon as practicable after July 1 of each year, the Secretary shall determine from available information the amount of State sales taxes collected during the preceding fiscal year on advertising matter and any other printed matter ultimately to be distributed with or as part of a newspaper.  The Secretary shall then transfer this amount from the net collections received under this Article to the Solid Waste Management Trust Fund created in G.S. 130A-309.12."
Sec. 3.  This act becomes effective July 1, 1991, and applies to sales made on or after that date.