Each motor vehicle licensed by the state which is resident within the town on January 1 of each year shall be subject to an annual vehicle tax of $3. The tax shall be imposed for the fiscal year beginning on July 1 following the January 1 date on which the motor vehicle becomes resident in the town. For purposes of determining whether the motor vehicle is "resident" within the town, the provisions of the Machinery Act (G.S. § 105-271) shall be applicable and any motor vehicle which, under the Machinery Act, would be taxable for ad valorem property taxes shall be subject to the tax imposed by this subchapter.
(Ord. 83-84-7, passed 3-12-84) Penalty, see § 70.99