For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning. Except as otherwise provided in this subchapter, the definitions of words, terms and phrases as set forth and/or applied in G.S. Chapter 105, Article 3 are hereby adopted by reference and made a part hereof. Reference to any provision or provisions in the General Statutes shall include the same as may be from time to time amended, modified, supplemented, revised or superseded.
CITY/TOWN/VILLAGE. The Town of Elkin.
REVENUE ACT. G.S. Chapter 105, Subchapter I.
SECRETARY OF REVENUE. The Secretary of Revenue of this state.
STATE FRANCHISE TAX. G.S. Chapter 105, Article 3.
STATE FRANCHISE TAX ACT. The franchise or privilege tax imposed on an electric power company engaged in the business of furnishing electricity, electric lights, current or power, as provided in G.S. Chapter 105, Article 3, entitled “Franchise Tax.”
TAYPAYER(S). Any electric power company liable for the taxes imposed by this subchapter.
TAX COLLECTOR. The department of the town government or the official agency of the state designated by law and authorized by law to administer the collection of the tax herein levied.
TOWN FRANCHISE TAX. The franchise enacted by this subchapter.
(Ord. eff. 6-10-2002)