GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1995

S	1 

SENATE BILL 690

Short Title:  Repeal Debt Dealer Tax.	(Public)

─────────────────────────────────────── 
Sponsors: Senator Rand.

─────────────────────────────────────── 
Referred to:  Finance

─────────────────────────────────────── 

April 13, 1995

A BILL TO BE ENTITLED
AN ACT TO REPEAL THE PRIVILEGE LICENSE TAX ON INSTALLMENT PAPER DEALERS.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-83 is repealed.
Sec. 2.  G.S. 105-109.1 reads as rewritten:
"§ 105-109.1.  Interest.
The taxes on gross receipts levied in G.S. 105-37.1(a), 105-38(f), and 105-65.1(b)(2) and the tax on producers of newsprint publications levied in G.S. 105-102.6 shall bear interest at the rate established under G.S. 105-241.1(i) from the time the taxes were due until the taxes are paid."
Sec. 3.  This act does not affect the rights or liabilities of the State, a taxpayer, or another person arising under a statute amended or repealed by this act before its amendment or repeal; nor does it affect the right to any refund or credit of a tax that would otherwise have been available under the amended or repealed statute before its amendment or repeal.
Sec. 4.  This act becomes effective July 1, 1995.