GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

H	1 

HOUSE BILL 69

Short Title:  Repeal Highway Use Tax Transfer.	(Public)

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Sponsors: Representatives Bowie, Cansler; Allred, Baker, Brown, Buchanan, Creech, Dockham, Gillespie, Hiatt, Holmes, Justus, Kiser, McComas, McCombs, Morris, Preston, Rayfield, Sherrill, Walend, and G. Wilson.

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Referred to:  Finance.

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February 11, 1999

A BILL TO BE ENTITLED
AN ACT TO REPEAL THE ANNUAL TRANSFER OF ONE HUNDRED SEVENTY MILLION DOLLARS IN HIGHWAY USE TAX COLLECTIONS FROM THE HIGHWAY TRUST FUND TO THE GENERAL FUND AND TO PROVIDE THAT THOSE FUNDS SHALL BE USED BY THE DEPARTMENT OF TRANSPORTATION FOR HIGHWAY MAINTENANCE.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-187.9 reads as rewritten:
"§ 105-187.9.  Disposition of tax proceeds.
Taxes collected under this Article at the rate of eight percent (8%) shall be credited to the General Fund.  Taxes collected under this Article at the rate of three percent (3%) shall be credited to the North Carolina Highway Trust Fund.  "
Section 2.  G.S. 136-176 is amended by adding a new subsection to read:
"( e)	The Department of Transportation shall annually use one hundred seventy million dollars ($170,000,000) of the funds deposited in the Trust Fund pursuant to subdivision (a)(2) of this section for highway maintenance purposes."
Section 3.  This act is effective when it becomes law.