NORTH CAROLINA GENERAL ASSEMBLY

1969 SESSION

CHAPTER 1287

SENATE BILL 907

AN ACT TO AMEND CHAPTER 1228 OF THE SESSION LAWS OF 1969 RELATING TO DISTRIBUTION OF TAXES COLLECTED UNDER THE LOCAL OPTION SALES AND USE TAX ACT.

The General Assembly of North Carolina do enact:

Section 1.  Section 1 of Chapter 1228 of the Session Laws of 1969 is hereby amended by rewriting the second sentence of G.S. 105-164.56(b) as the same appears therein, to read as follows:

"For this purpose, the Commissioner of Revenue shall determine a per capita figure by dividing the remainder of the net proceeds of the tax collected under this division for the preceding quarter within the taxing counties by the total population of the taxing counties plus the total population of all municipalities therein according to the most recent annual estimates of population as certified to the Commissioner of Revenue by the Director of the North Carolina Department of Administration."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall be effective upon ratification.

In the General Assembly read three times and ratified, this the 2nd day of July, 1969.