N.C. Gen. Stat. § 105-113.85

Current through Session Law 2024-56

Section 105-113.85 - Discount

Each wholesaler or importer who files a timely return and sends a timely payment may deduct from the amount payable a discount of two percent (2%). This discount covers losses due to spoilage and breakage, expenses incurred in preparing the records and reports required by this Article, and the expense of furnishing a bond.

N.C. Gen. Stat. § 105-113.85

Amended by 2004 N.C. Sess. Laws 0084, s. 2.(d), eff. 7/8/2004.

Repealed by 2003 N.C. Sess. Laws 0284, s. 45A.2.(a), eff. 7/1/2003.

Amended by 2001-414, s. 5, eff. 9/14/2001.

1985, c. 114, s. 1; 2000-173, s. 5.