§ 105-262. Rules. - North Carolina Statutes

§ 105‑262.  Rules.

(a)        The Secretary ofRevenue may adopt rules needed to administer a tax collected by the Secretaryor to fulfill another duty delegated to the Secretary. G.S. 150B‑1 andArticle 2A of Chapter 150B of the General Statutes set out the procedure forthe adoption of rules by the Secretary.

(b)        The Secretary mustask the Office of State Budget and Management to prepare a fiscal note for aproposed new rule or a proposed change to a rule that has a substantialeconomic impact, as defined in G.S. 150B‑21.4(b1). The Secretary shallnot take final action on a proposed rule change that has a substantial economicimpact until at least 60 days after the fiscal note has been prepared. (1939, c. 158, s. 931; 1955,c. 1350, s. 2; 1973, c. 476, s. 193; 1981, c. 859, s. 80; c. 1127, s. 53; 1991,c. 45, s. 28; c. 477, s. 7; 1995, c. 507, s. 27.8(p); 2000‑140, s.93.1(a); 2001‑424, s. 12.2(b); 2007‑491, s. 39.)