A BILL TO BE ENTITLED
AN ACT to eliminate the cap on and special three percent sales tax rate applied to the sales price of an aircraft or boat sold at retail and impose the general rate of tax on those sales.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑164.4(a)(1b) is repealed.
SECTION 2.  This act becomes effective July 1, 2011, and applies to sales made on or after that date.