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The tax shall be paid to the Tax Collector at the time and in the form and manner provided for the payment of sales and use taxes pursuant to and in accordance with G.S. § 105-164.16 as the same applies to a taxpayer who is consistently liable for more than $100 but less than $10,000 a month. As applicable to sales and use taxes, the taxpayer must file a return and pay the taxes due on a monthly basis. The tax shall be due and payable when a return is required to be filed.
(Ord. eff. 6-10-2002)
Upon the resumption of distributions by the Secretary of Revenue as required under the State Franchise Tax Act, a refund may be due to a taxpayer as specified in this section. A refund in the amount indicated herein below shall be due to a taxpayer within 30 days after presentation to the town by the taxpayer of a written certification made by the Secretary of Revenue stating that portion of the town’s percentage distribution amount of the state franchise tax that was paid by the taxpayer and allocable to the calendar quarter for which the most recent distribution was made. The amount of a refund shall equal the portion of the percentage distribution amount designated by the Secretary of Revenue.
(Ord. eff. 6-10-2002)
In addition to the provisions herein and to the extent that the same are not inconsistent with the provisions of this subchapter, the levy and collection of taxes herein imposed shall be otherwise administered in the same manner as the State Franchise Tax Act as contained in G.S. Chapter 105, Subchapter 1, Article 9.
(Ord. eff. 6-10-2002)
The confidential and privileged nature of the records and files concerning the administration of the town franchise tax is legislatively recognized and declared, and to protect the same provision of G.S. Chapter 105 is adopted by reference and made fully effective and applicable to administration of the tax levied herein as if set forth in full.
(Ord. eff. 6-10-2002)
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