NC H421

Creates a new quarterly refund program allowing marinas to obtain refunds of excise tax paid on gasoline purchased for use in boats or marine vessels, provided the fuel is stored in a facility marked "For Boat Use Only" or similar designation.

Allows persons who purchase and use motor fuel to operate special mobile equipment off-highway to receive quarterly refunds for excise tax paid during the preceding quarter.

Refund amount equals the excise tax paid during the quarter (at flat and variable cents-per-gallon rates in effect) minus any sales, use, or privilege tax due on the motor fuel.

Removes special mobile equipment from existing refund provisions in G.S. 105-449.106 and establishes it in the new section G.S. 105-106A instead.

Effective July 1, 2011, for motor fuel purchased on or after that date.