N.C. Gen. Stat. § 105-113.40A
Repealed by Session Laws 2021-180, s. 42.9(f), effective July 1, 2022
Redline — June 1, 2021 → current.View current text →
Current — June 1, 2022
As of June 1, 2021
The Secretary must credit the net proceeds of the tax collected under this Part as follows:
The Secretary must credit the net proceeds of the tax collected under this Part as follows:
(1) An amount equal to three percent (3%) of the cost price of the products to the General Fund.
(1) An amount equal to three percent (3%) of the cost price of the products to the General Fund. (1a) An amount equal to the revenue generated by the tax on vapor products under G.S. 105-113.35(a1) to the General Fund.
(2) An amount equal to the revenue generated by the tax on vapor products under G.S. 105-113.35(a1) to the General Fund.
(2) The remainder to the University Cancer Research Fund established under G.S. 116-29.1.
History
(2009-451, s. 27A.5(d); 2010-95, s. 1; 2014-3, s. 15.1(e).)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.