North Carolina § 105-33 - Taxes under this Article.

§ 105-33. Taxes under this Article.

General. - Taxes in this Article are imposed for the privilege of carrying on the business, exercising the privilege, or doing the act named. License Taxes. - A license tax imposed by this Article is an annual tax. The tax is due by July 1 of each year. The tax is imposed for the privilege of engaging in a specified activity during the fiscal year that begins on the July 1 due date of the tax. The full amount of a license tax applies to a person who, during a fiscal year, begins to engage in an activity for which this Article requires a license. Before a person engages in an activity for which this Article requires a license, the person must obtain the required license. Other Taxes. - The taxes imposed by this Article on a percentage basis or another basis are due as specified in this Article. Repealed by Session Laws 1998-95, s. 2, effective July 1, 1999. Repealed by Session Laws 1989, c. 584, s. 1. , (g) Repealed by Session Laws 1998-95, s. 2, effective July 1, 1999. Liability Upon Transfer. - A grantee, transferee, or purchaser of any business or property subject to the State taxes imposed in this Article must make diligent inquiry as to whether the State tax has been paid. If the business or property has been granted, sold, transferred, or conveyed to an innocent purchaser for value and without notice that the vendor owed or is liable for any of the State taxes imposed under this Article, the property, while in the possession of the innocent purchaser, is not subject to any lien for the taxes. , (j) Repealed by Session Laws 1998-95, s. 2, effective July 1, 1999. Repealed by Session Laws 1987, c. 190. History (1939, c. 158, s. 100; 1943, c. 400, s. 2; 1951, c. 643, s. 2; 1953, c. 981, s. 1; 1963, c. 294, s. 3; 1973, c. 476, s. 193; 1977, c. 657, s. 1; 1981, c. 83, ss. 1, 2; 1985, c. 114, s. 10; 1985 (Reg. Sess., 1986), c. 826, ss. 1, 2; c. 934, s. 3; 1987, c. 190; 1989, c. 584, s. 1; 1989 (Reg. Sess., 1990), c. 814, s. 1; 1991 (Reg. Sess., 1992), c. 981, s. 1; 1993, c. 539, s. 688; 1994, Ex. Sess., c. 24, s. 14(c); 1996, 2nd Ex. Sess., c. 14, ss. 18, 19; 1998-95, ss. 1, 2.) Local Modification. - Town of Pittsboro: 1993, c. 358, s. 9(a). Cross References. - As to power of county to levy license taxes as authorized by this Article, see G.S. 153A-152 . For deletion of Division I designation for G.S. 105-103 through 105-113 of this Article, see the Editor's note under G.S. 105-103 . Editor's Note. - Effective July 1, 1999, Session Laws 1998-95, s. 1 rewrote the catchline of this Article to read "Privilege Taxes." Session Laws 1996, Second Extra Session, c. 13, s. 1, provides that this act shall be known as the William S. Lee Quality Jobs and Business Expansion Act. Session Laws 1996, Second Extra Session, c. 13, s. 4.2, effective July 1, 1999, provided: "Effective July 1, 1999, Article 2B of Chapter 105 of the General Statutes, as amended by this act, is repealed. The Secretary shall retain from collections under Article 2 of Chapter 105 of the General Statutes the cost of refunding the taxes levied in Article 2B of Chapter 105 of the General Statutes." Session Laws 1996, Second Extra Session, c. 13, s. 10.1, provides: "This act does not affect the rights or liabilities of the State, a taxpayer, or another person arising under a statute amended or repealed by this act before its amendment or repeal; nor does it affect the right to any refund or credit of a tax that would otherwise have been available under the amended or repealed statute before its amendment or repeal." Legal Periodicals. - For comment on 1943 amendment which made additions to the section, see 21 N.C.L. Rev. 368 (1943).