§ 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).)