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01 9 <br />EE COUNTY <br />Committed Today for a Better Tomorrow <br />RESOLUTION IMPOSING A GROSS RECEIPTS TAX <br />ON HEAVY EQUIPMENT IN LIEU OF PROPERTY TAX <br />Pursuant to North Carolina General Statues 105-275 (42a) and S.L. 2008-144, the Lee <br />County Board of Commissioners does hereby adopt the following resolution: <br />WHEREAS, North Carolina General Statute 105-275 (42a) designates Heavy <br />Equipment on which a gross receipts tax may be imposed under North Carolina General <br />Statute 153A-156.1 and North Carolina General Statute 160A-215.2 as a special class <br />of property which is exempted from property taxation and shall not be listed, appraised, <br />assessed or taxed after January 1, 2009; and <br />WHEREAS, in lieu thereof, North Carolina General Statute 153A-156.1 authorizes a <br />county by resolution to impose a tax at the rate of one and two-tenths percent (1.2%) on <br />the gross receipts from the short term lease or rental of heavy equipment by a person <br />whose principal business is the short-term lease or rental of heavy equipment at retail, <br />and <br />WHEREAS, this tax provides an alternative to a property tax on the equipment <br />NOW, THEREFORE, BE IT RESOLVED that a tax of one and two-tenths percent <br />(1.2%) on the gross receipts from the short-term lease or rental of heavy equipment by <br />a person whose principal business is the short-term lease or rental of heavy equipment <br />at retail is imposed pursuant to North Carolina General Statute 153A-156.1 in lieu of the <br />personal property tax. <br />BE IT FURTHER RESOLVED this resolution shall be effective January 1, 2009 <br />Adopted this 20`h day of October 2008. <br />ATTEST: <br />Chairman, Lee County Board of Commissioners <br />® Gaynell M. Lee, Clerk <br />