§ 105-228.1. Defining taxes levied and assessed in this Article.
Article8A.
Gross Earnings Taxes onFreight Line Companies in Lieu of Ad Valorem Taxes.
§ 105‑228.1. Definingtaxes levied and assessed in this Article.
The purpose of this Article isto levy a fair and equal tax under authority of Section 2(2) of Article V ofthe North Carolina Constitution and to provide a practical means forascertaining and collecting it. The taxes levied and assessed in this Articleare on gross earnings, as defined in the Article, and are in lieu of ad valoremtaxes upon the properties of persons taxed in this Article. (1954,c. 400, s. 8; 1998‑98, ss. 64, 109.)