North Carolina § 105-449 - 100. Terminal operator to file informational return showing changes in amount of motor fuel at the terminal.

§ 105-449. 100. Terminal operator to file informational return showing changes in amount of motor fuel at the terminal.

Requirement. - A terminal operator must file a monthly informational return with the Secretary that shows the amount of motor fuel received or removed from the terminal during the month. A terminal operator must report all motor fuel removed from an out-of-state terminal that has this State as its destination state. Content. - The return is due on the date a monthly return is due under G.S. 105-449.90. The return must contain the following information and any other information required by the Secretary: The number of gallons of motor fuel received in inventory at the terminal during the month and each position holder for the fuel, sorted by type of fuel. The number of gallons of motor fuel removed from inventory at the terminal during the month and, for each removal, the position holder for the fuel and the destination state of the fuel, sorted by type of fuel. The number of gallons of motor fuel gained or lost at the terminal during the month. The number of gallons of motor fuel in inventory at the beginning of each month and at the end of each month. Due Date. - The return is due on the date a monthly return is due under G.S. 105-449.90. History (1995, c. 390, s. 3; 1995 (Reg. Sess., 1996), c. 647, s. 34; 2006-162, s. 15(a); 2008-134, s. 43.) Editor's Note. - Session Laws 2006-162, s. 33, provides, in part, that: "An exempt card or code will not be valid for sales of motor fuel at the terminal rack on or after January 1, 2007." Effect of Amendments. - Session Laws 2006-162, s. 15(a), effective January 1, 2007, and applicable to motor fuel purchased on or after that date, substituted "on the same date as a monthly return due under G.S. 105-449.90 " for "by the 25th day of the month following the month covered by the return" at the end of the first sentence of the introductory paragraph. Session Laws 2008-134, s. 43, effective January 1, 2009, designated the former first sentence as present subsection (a) and the former second sentence as present subsection (b); in subsection (a), added "Requirement. - " and the second sentence; in subsection (b), added "Content. - " and substituted "date a monthly return is due" for "same date as a monthly return due," added "sorted by type of fuel" to the end of both subdivisions (b)(1) and (b)(2), and added subdivision (b)(4); and added subsection (c).