NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 1035

HOUSE BILL 995

 

 

AN ACT TO AMEND CHAPTER 105 OF THE GENERAL STATUTES TO PROVIDE FOR A LICENSE TAX RELATING SOLELY TO SCRAP PROCESSORS.

 

The General Assembly of North Carolina do enact:

 

Section 1.  Chapter 105 of the General Statutes is hereby amended to insert a new Section immediately following § 105-102.1 to be numbered § 105-102.2 and to read as follows:

"§ 105-102.2.  Scrap Processors. Every person, firm or corporation engaged in the business of buying scrap iron and metals, for the specific purpose of processing into raw materials for remelting purposes only, and whose principal product is ferrous and nonferrous scrap for shipment to steel mills, foundries, smelters and refineries, maintaining an established place of business in this State and having facilities and machinery designed for such processing, shall apply for and obtain from the Commissioner of Revenue a State license for the privilege of engaging in such business in this State and shall pay for such license an annual tax for each location where such business is carried on according to the following schedule:

In unincorporated communities and in cities or towns of less than 2,500 population $ 25.00

In cities or towns of 2,500 and less than 5,000 population..................................... 30.00

In cities or towns of 5,000 and less than 10,000 population................................... 50.00

In cities or towns of 10,000 and less than 20,000 population................................. 75.00

In cities or towns of 20,000 and less than 30,000 population............................... 100.00

In cities or towns of 30,000 population or more................................................. 125.00.

"Provided, that if any person, firm, or corporation shall engage in the business enumerated in this Section within a radius of two miles of the corporate limits of any city or town in this State, he or it shall pay a tax based on the population of such city or town according to the schedule above set out.

"Counties, cities and towns may levy a license tax not in excess of one-half of that levied by the State."

Sec. 2.  G.S. 105-102 is hereby amended by inserting in line 1 thereof, immediately after the word "corporation" and before the word "engaged" the following punctuation and words: ", except those described in G.S. 105-102.2,".

Sec. 3.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 4.  This Act shall be in full force and effect on and after June 30, 1965.

In the General Assembly read three times and ratified, this the 14th day of June, 1965.