A tax is hereby imposed and levied in an amount equal to 0.8% of the gross receipts from the short-term lease or rental of heavy equipment by a person whose principal business is the short-term lease or rental of heavy equipment at retail; provided that the place of business from which the heavy equipment is delivered is located in this town. A person is not considered to be in the short-term lease or rental business if the majority of the person's lease and rental gross receipts are derived from leases and rentals to a person who is a related person under G.S. § 105-163.010. The tax authorized by this subchapter applies to gross receipts that are subject to tax under G.S. § 105-164.4(a)(2).
(Ord. 2009-04, passed 4-14-2009)