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NC S461
Bill
Status
Introduced
3/25/2015
Primary Sponsor
Fletcher Hartsell
Click for details
AI Summary
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Repeals the 2% discount that tobacco distributors could deduct from excise tax payments when filing timely reports under G.S. 105-113.21.
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Repeals the 2% discount that wholesale and retail tobacco dealers could deduct from excise tax payments when filing timely reports under G.S. 105-113.39.
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Retains the refund provision allowing dealers with unsalable tobacco products to return them to manufacturers and apply for tax refunds.
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Becomes effective July 1, 2015.
Legislative Description
Eliminate Tobacco Discount
Last Action
Re-ref to Commerce. If fav, re-ref to Finance
3/30/2015
Committee Referrals
Commerce3/30/2015
Rules and Operations of the Senate3/26/2015
Full Bill Text
No bill text available