§ 105-449.99. Returns and discounts of importers. - North Carolina Statutes

§105‑449.99.  Returns and discounts of importers.

(a)        Return. – A monthlyreturn of a bonded importer, an occasional importer, or a tank wagon importermust contain the following information concerning motor fuel imported duringthe period covered by the return:

(1)        The number ofgallons of imported motor fuel acquired from a supplier that collected theexcise tax due this State on the fuel.

(2)        The number ofgallons of imported motor fuel acquired from a supplier that did not collectthe excise tax due this State on the fuel, listed by source state, supplier,and terminal.

(3)        The importauthorization number of each import that is reported under subdivision (2) ofthis subsection and was removed from a terminal.

(4)        For an occasionalimporter or a tank wagon importer, the number of gallons of imported motor fuelacquired from a bulk plant, listed by bulk plant.

(b)        Discounts. – Animporter may not deduct an administrative discount from the amount remittedwith a return. An importer that imports motor fuel received from an electivesupplier or a permissive supplier may deduct the percentage discount allowed byG.S. 105‑449.93(b) when remitting tax to the supplier, as trustee, forpayment to the State. An importer that imports motor fuel received from asupplier that is not an elective supplier or a permissive supplier may notdeduct the percentage discount allowed by G.S. 105‑449.93(b) when filinga return for the tax due. (1995, c. 390, s. 3.)