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NC S306
Bill
Status
Introduced
3/9/2011
Primary Sponsor
Fletcher Hartsell
Click for details
AI Summary
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Repeals a 2% discount previously allowed to tobacco distributors who filed timely reports and made timely payments under G.S. 105-113.21.
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Repeals a 2% discount previously allowed to wholesale and retail dealers who filed timely reports and made timely payments under G.S. 105-113.39.
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Maintains the existing refund process for unsalable or stale tobacco products, but removes the discount deduction previously applied to refunds.
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Effective date: July 1, 2011.
Legislative Description
Eliminate Tobacco Discount
Last Action
Ref To Com On Finance
3/10/2011
Committee Referrals
Finance3/10/2011
Full Bill Text
No bill text available