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NC S235
Bill
Status
Introduced
3/7/2011
Primary Sponsor
James Forrester
Click for details
AI Summary
- Repeals Part 3 of Article 36C of Chapter 105 of the General Statutes, which governs motor fuel excise tax.
- Repeals multiple sections of the General Statutes related to motor fuel tax administration and collection (G.S. 105-123, 105-449.38, 105-449.60(32), 105-449.90, 105-449.106, 105-449.107, and 105-449.136).
- Removes reference to the variable component of the excise tax on motor fuel from G.S. 150B-2(8a)(j) regarding rules that do not require regulatory procedures.
- Directs the legislature to work with the Departments of Commerce and Revenue to identify and eliminate economic incentives and other tax expenditures equal to the revenue lost from repealing the motor fuel tax to offset impacts to the Highway Fund.
- Becomes effective July 1, 2011.
Legislative Description
Suspend Motor Fuel Excise Tax With an Offset
Last Action
Ref To Com On Finance
3/8/2011
Committee Referrals
Finance3/8/2011
Full Bill Text
No bill text available