GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

H	1 

HOUSE BILL 450

Short Title:  Make Car Tax Progressive.	(Public)

─────────────────────────────────────── 
Sponsors: Representatives Edwards; Dedmon, Gardner, Luebke, Melton, and Warner.

─────────────────────────────────────── 
Referred to:  Finance.

─────────────────────────────────────── 

March 15, 1999

A BILL TO BE ENTITLED
AN ACT TO REMOVE THE HIGHWAY USE TAX LOOPHOLE FOR LUXURY AUTOMOBILES.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-187.3(a) reads as rewritten:
"(a)	Amount. – The rate of the use tax imposed by this Article is three percent (3%) of the retail value of a motor vehicle for which a certificate of title is issued. The tax is payable as provided in G.S. 105-187.4. The tax may not be more than one thousand dollars ($1,000) for each certificate of title issued for a Class A or Class B motor vehicle that is a commercial motor vehicle, as defined in G.S. 20-4.01. "
Section 2.  This act becomes effective July 1, 1999, and applies to certificates of title issued on or after that date.