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.
In the General Assembly read three times and ratified this the 9th day of June, 2009.

	s/	 Walter H. Dalton
	 President of the Senate

	s/	 Joe Hackney
	 Speaker of the House of Representatives

	s/	 Beverly E. Perdue
	 Governor

Approved 4:38 p.m. this 15th day of June, 2009