NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 1010

HOUSE BILL 876

 

 

AN ACT TO FIX A MINIMUM AMOUNT OF TAX REQUIRED FOR FILING INTANGIBLES TAX RETURNS.

 

The General Assembly of North Carolina do enact:

 

Section 1.  Article 7 of Chapter 105 of the General Statutes, being Schedule H, Intangible Personal Property, is hereby amended by inserting therein a new Section to be designated as § 105-214 to read as follows:

"§ 105-214.  Minimum Tax for Requirement of Filing Returns. When the combined tax of any taxpayer required to be paid under §§ 105-200, 105-201, 105-202, 105-203, 105-204 and 105-205 does not exceed a tax of five dollars ($5.00), no return shall be required to be filed. This Section shall not be construed to affect the provisions of § 105-199, and the minimum tax herein provided shall not apply to said Section."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall be in full force and effect on and after December 31, 1963.

In the General Assembly read three times and ratified, this the 19th day of June, 1963.