GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2009

S                                                                                                                                                    2

SENATE BILL 200

Finance Committee Substitute Adopted 5/6/09

Short Title:        Temporary Floor for Motor Fuels Tax Rate.	(Public)
Sponsors:
Referred to:

February 18, 2009

A BILL TO BE ENTITLED

AN ACT to establish a minimum motor fuels tax rate for two years.

The General Assembly of North Carolina enacts:

SECTION 1.  Notwithstanding G.S. 105‑449.80(a), for the period July 1, 2009, through June 30, 2011, the variable wholesale component of the motor fuel excise tax rate is twelve and four‑tenths cents (12.4¢) a gallon or seven percent (7%) of the average wholesale price of motor fuel for the applicable base period, whichever is greater.

SECTION 2.  This act is effective when it becomes law.