GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 1991
CHAPTER 1019
The General Assembly of North Carolina enacts:
Section 1. G.S. 105-228.30(b) reads as rewritten:
"(b) The register of deeds
of each county shall remit the net proceeds of the tax levied by this
section to the county finance officer on a monthly basis. officer.
The finance officer of each county shall credit one-half of the proceeds
to the county's general fund and shall remit the remaining one-half of the proceeds,
less the county's allowance for administrative expenses, shall
distribute the tax proceeds on a monthly basis as follows: one-half of the net
proceeds shall be retained by the county and placed in its general fund and
one-half of the net proceeds shall be remitted to the Department of Revenue.
Revenue on a quarterly basis. A county may retain two percent (2%)
of the amount of tax proceeds allocated for remittance to the Department of
Revenue as compensation for the county's cost in collecting and remitting the
State's share of the tax. Of the funds remitted to it pursuant to
this section, the Department of Revenue shall credit fifteen percent (15%) to
the Recreation and Natural Heritage Trust Fund established under G.S. 113-77.7
and the remainder to the General Fund. As used in this subsection, the
term "net proceeds"means gross proceeds less the cost to the
county of collecting and administering the tax."
Sec. 2. This act is effective upon ratification and applies to taxes collected on or after July 1, 1992.
In the General Assembly read three times and ratified this the 23rd day of July, 1992.
James C. Gardner
President of the Senate
Daniel Blue, Jr.
Speaker of the House of Representatives