GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2009

SENATE BILL 200

RATIFIED BILL

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.

In the General Assembly read three times and ratified this the 9^th day of June, 2009.

                                                                        _____________________________________

                                                                         Walter H. Dalton

                                                                         President of the Senate

                                                                        _____________________________________

                                                                         Joe Hackney

                                                                         Speaker of the House of Representatives

                                                                        _____________________________________

                                                                         Beverly E. Perdue

                                                                         Governor

Approved __________.m. this ______________ day of ___________________, 2009