HomeMy WebLinkAboutC.054.93010_01649. RESOLUTION AUTHORIZING ESTABLISHMENT OF AN ORDINANCE
LEVYING A TAX ON GROSS RECEIPTS DERIVED FROM RETAIL SHORT-TERM
LEASES OR RENTAL OF MOTOR VEHICLES:
RESOLUTION
WHEREAS, the North Carolina General Assembly has ratified Senate Bill10'76,signed into
law as Session Law 2000-2 (S.L. 2000-2) and effective for taxable years beginning on or atter July
1, 2000; and
WHEREAS, this act repealed the property tax on certain vehicles leased or rented under
retail short-term leases or rentals and authorized counties to replace the lost tax revenue through
enactment of a local tax on gross receipts derived from retail short-term leases or rentals.
NOW, THEREFORE BE IT RESOLVED, by the Iredell County Board of Commissioners
that the following ordinance is enacted:
SECTION 1. Tax on Gross Receipts derived from retail short term motor vehicle leases or
rentals. The County of Iredell hereby imposes and levies a tax of one and one half percent (I,/,%)
of the gross receipts from the short-term lease or rental of vehicles at retail to the general public.
SECTION 2. Administration. The County will administer and collect from operators of
leasing and rental establishments the taxes levied hereby and the county may promulgate additional
rules and regulations necessary for implementation of the taxes.
SECTION 3. Payment of Taxes and Filing of Retums. The taxes levied hereby are due and
payable to the County in monthly installments on or before the fifteenth (15t1) day of the month
following the month in which the tax accrues. Every taxable establishment required to collect the
tax shall, on or before the fifteenth (15i1) day of each month, prepare and render a return to the
County. The County shall design, print, and furnish to all taxable establishments the necessary
forms for filing returns and instructions to insure the full collection of the tax. A return filed for this
purpose is not a public record as defined by Section 132-1 of the North Carolina General Statutes
and may not be disclosed except as required by law.
SECTION 4. Penalties. In case of failure or refusal to file a return or pay the tax for a
period of thirty (30) days after the time required for filing the return or paying tax, there shall be an
additional tax, as a penalty, of five percent (5%) of the tax due, with an additional tax of five percent
(5%) for each additional month or fraction thereof until the tax is paid. The County Board of
Commissioners for good cause shown, may compromise or forgive any penalty or additional tax
imposed hereunder.
SECTION 5. Misdemeanor for Willful Violation. Any person, firm, corporation or
association who willfully attempts in any manner to evade a tax imposed herein or who willfully
fails to pay the tax or make and file a return shall, in addition to the penalties provided by law and
herein, be guilty of a misdemeanor punishable as provided by law.
SECTION 6. Effective Date. The short term rental or leased vehicle gross receipts tax levied
herein shall become effective July 1, 2000.
10, REQUEST FOR APPROVAL OF THE MAY 9, 11, 16, 18, & 23, 2000 MINUTES
OF CONSENT AGENDA --------
ANNOUNCEMENT OF THE NCACC ANNUAL CONFERENCE TO BE HELD
AUGUST 10-13,2000 IN DURHAM, NC: Commissioners Fortner and Stewart said they would
attend the conference.
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