§ 105-449.39. Credit for payment of motor fuel tax. - North Carolina Statutes

§ 105‑449.39.  Creditfor payment of motor fuel tax.

Every motor carrier subject tothe tax levied by this Article is entitled to a credit on its quarterly reportfor tax paid by the carrier on fuel purchased in the State. The amount of thecredit is determined using the flat cents‑per‑gallon rate plus thevariable cents‑per‑gallon rate of tax in effect during the quartercovered by the report. To obtain a credit, the motor carrier must furnishevidence satisfactory to the Secretary that the tax for which the credit isclaimed has been paid.

If the amount of a credit towhich a motor carrier is entitled for a quarter exceeds the motor carrier'sliability for that quarter, the excess is refundable in accordance with G.S.105‑241.7. (1955,c. 823, s. 3; 1969, c. 600, s. 22; c. 1098; 1973, c. 476, s. 193; 1979, 2ndSess., c. 1098; 1981, c. 690, s. 3; 1985 (Reg. Sess., 1986), c. 982, s. 17;1987, c. 315; 1989, c. 692, s. 5.7; 1991, c. 182, s. 3; c. 487, s. 3; 1998‑146,s. 1; 1999‑337, s. 37; 2005‑435, s. 3; 2007‑491, s. 40.)