§ 105-164.10. Retail bracket system. - North Carolina Statutes

§105‑164.10.  Retail bracket system.

For the convenience of theretailer in collecting the tax due under this Article, the Secretary shallprescribe tables that compute the tax due on sales by rounding off the amountof tax due to the nearest whole cent.  The Secretary shall issue a separatetable for each rate of tax that may apply to a sale, including the general rateestablished in G.S. 105‑164.4, preferential rates, and combined State andlocal rates.  Use of the tables prescribed by the Secretary does not relieve aretailer of liability for the applicable rate of tax due on the gross receiptsor net taxable sales of the retailer. (1957, c. 1340, s. 5; 1961,c. 826, s. 2; 1973, c. 476, s. 193; 1991, c. 689, s. 313.)