§ 105-187.52. Administration. - North Carolina Statutes

§ 105‑187.52. Administration.

(a)        Administration. – Theprivilege taxes imposed by this Article are in addition to the State use tax.Except as otherwise provided in this Article, the collection and administrationof these taxes is the same as the State use tax imposed by Article 5 of thisChapter.

(b)        Credit. – A creditis allowed against the tax imposed by this Article for the amount of a sales oruse tax, privilege or excise tax, or substantially equivalent tax paid toanother state. The credit allowed by this subsection does not apply to tax paidto another state that does not grant a similar credit for the privilege taxpaid in North Carolina.

(c)        Exemption. – Stateagencies are exempted from the privilege taxes imposed by this Article. (2001‑347, s. 2.17;2005‑276, s. 33.22; 2006‑162, s. 11; 2007‑527, s. 14.)