A BILL TO BE ENTITLED
AN ACT to establish a minimum motor fuels tax rate for two years.
The General Assembly of North Carolina enacts:
SECTION 1.  Notwithstanding G.S. 105‑449.80(a), for the period July 1, 2009, through June 30, 2011, the variable wholesale component of the motor fuel excise tax rate is twelve and four‑tenths cents (12.4¢) a gallon or seven percent (7%) of the average wholesale price of motor fuel for the applicable base period, whichever is greater.
SECTION 2.  This act is effective when it becomes law.