Except as otherwise provided in this article, 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in the General Statutes shall include the same as may be from time to time amended, modified, supplemented, revised, or superceded. For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
Secretary of Revenue. The Secretary of Revenue of the state.
State Franchise Tax Act. G.S. Chapter 105, Article 3.
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.
Taxpayer(s). Any electric power company liable for the taxes imposed by this article.
Town. The town of Valdese.
Town franchise tax. 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.” (Ord. of 6/3/02)