§ 105-113.4D. Tax with respect to inventory on effective date of tax increase.
§ 105‑113.4D. Tax withrespect to inventory on effective date of tax increase.
Every person subject to thetaxes levied in this Article who, on the effective date of a tax increase underthis Article, has on hand any tobacco products must file a complete inventoryof the tobacco products within 20 days after the effective date of theincrease, and must pay an additional tax to the Secretary when filing theinventory. The amount of tax due is the amount due based on the differencebetween the former tax rate and the increased tax rate. (1969, c. 1075, s. 2; 1973,c. 476, s. 193; 1991, c. 689, s. 263; 2009‑451, s. 27A.5(b).)