NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

 

 

CHAPTER 74

HOUSE BILL 165

 

 

AN ACT TO INCREASE THE INTEREST PAID ON TAX REFUNDS FROM FOUR PERCENT PER ANNUM TO SIX PERCENT PER ANNUM.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 105-163.9 is hereby amended by deleting the words and figures "four percent (4%)" as they appear in the first sentence of said section and by inserting in lieu thereof the words and figures "six percent (6%)".

Sec. 2.  G.S. 105-163.16 is hereby amended by deleting the words and figures "four percent (4%)" as they appear in the fourth sentence of subsection (c) and by inserting in lieu thereof the words and figures "six percent (6%)".

Sec. 3.  G.S. 105-266 is hereby amended by deleting the words and figures "four percent (4%)" as they appear in the first sentence of said section and by inserting in lieu thereof the words and figures "six percent (6%)".

Sec. 4.  This act shall become effective for refunds made on and after July 1, 1975.

In the General Assembly read three times and ratified, this the 25th day of March, 1975.