§ 105-187.17. Administration. - North Carolina Statutes

§105‑187.17.  Administration.

The privilege tax this Articleimposes on a tire retailer who sells new tires at retail is an additional Statesales tax and the excise tax this Article imposes on the storage, use, orconsumption of a new tire in this State is an additional State use tax.  Exceptas otherwise provided in this Article, these taxes shall be collected andadministered in the same manner as the State sales and use taxes imposed byArticle 5 of this Chapter.  As under Article 5 of this Chapter, the additionalState sales tax paid when a new tire is sold is a credit against the additionalState use tax imposed on the storage, use, or consumption of the same tire.

The privilege tax this Articleimposes on a tire retailer and on a tire wholesale merchant who sell new tiresfor placement in this State on a vehicle offered for sale, lease, or rental isa tax on the wholesale sale of the tires.  This tax and the excise tax thisArticle imposes on a new tire purchased for placement in this State on a vehicleoffered for sale, lease, or rental shall, to the extent practical, be collectedand administered as if they were additional State sales and use taxes.  Theprivilege tax paid when a new tire is sold for placement on a vehicle offeredfor sale, lease, or rental is a credit against the use tax imposed on thepurchase of the same tire for placement in this State on a vehicle offered forsale, lease, or rental. (1991, c. 221, s. 1.)