NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

 

 

CHAPTER 57

HOUSE BILL 115

 

 

AN ACT TO PROVIDE FOR AN OPTIONAL METHOD FOR PAYMENT OF THE SOFT DRINK TAX BY RETAIL DEALERS AND TO CLARIFY ELIGIBILITY UNDER G.S. 105-113.56A.

 

The General Assembly of North Carolina enacts:

 

Section 1.  A new section is added to the General Statutes following G.S. 105-113. 56B to be numbered and to read as follows:

"§ 105-113.56C.  Optional method of payment of tax by retail dealers. — Notwithstanding any other provision of this Article, the excise tax levied upon powders, syrups, base products, bottled soft drinks and all other items subject to the Soft Drink Tax Act, may be paid by retail dealers in the following manner:

Beginning with sales made on and after July 1, 1979, sales reports shall be made to the Secretary on or before the fifteenth day of each succeeding month, accompanied by payment of the tax due. All persons paying the tax in this optional manner shall be subject to such rules and regulations as the Secretary may prescribe, including the requirement that such persons furnish such bond as the Secretary may deem advisable in such amount and upon such conditions as in the opinion of the Secretary will adequately protect the State in the collection of the tax levied by this Article."

Sec. 2.  G.S. 105-113.56A is amended by adding the following sentence at the end thereof:

"The alternate method set forth in this section shall be available only to those distributors and wholesale dealers liable for payment of the soft drink tax under the provisions of this Article."

Sec. 3.  This act shall become effective July 1, 1979.

In the General Assembly read three times and ratified, this the 20th day of February, 1979.