§ 105-603. Administration and use.

§ 105‑603. Administration and use.

(a)        Administration. – Atax levied under this Article is payable by the transferor of the interest.Except as otherwise provided in this Article, the provisions of G.S. 105‑228.32through G.S. 105‑228.37 apply to a tax levied under this Article. Thecounty must provide metering or similar equipment for the collection of the taxin lieu of the use of tax stamps.

(b)        Use. – The proceedsof a tax levied under this Article may be used for any lawful purpose. (2007‑323, s. 31.17(a).)