§ 17-387. Amount for businesses not under state law.

(a)

Every person engaging in or conducting any retail or wholesale trade or business within the town for which no privilege license and franchise taxes are specifically provided for or prohibited by the state law shall pay as a privilege license tax a graduated tax, in an amount to be determined by council from time to time and listed in the schedule of fees and charges maintained in the city clerk's office, based on the amount of his or its annual gross sales. However, any portion or portions of the annual gross sales of any person derived from such trade or business, for which a tax is imposed under section 17-386 of this article, or for which the state law prohibits the levy and assessment of privilege and franchise taxes may be deducted from the total annual gross sales of such person for the purpose of computing the privilege license taxes imposed by this section, provided the deductions are substantiated in a manner prescribed by the town clerk and tax collector.

(b)

Each prospective licensee shall complete and submit to the town clerk and tax collector such forms as may be provided and prescribed by the town clerk and tax collector for the purpose of computing the taxes levied under this section, and the town clerk and tax collector shall have the right to inspect and examine any book, paper, account or record of the licensee, including the date of the information submitted to the state commissioner of revenue or to the collector of internal revenue, in the calculation of income taxes, pertaining to gross sales for the year in question. It shall be unlawful for any person or the agent of such person, upon demand by the town clerk and tax collector, to fail or refuse to permit the examination of any such book, paper, account, record or data or to fail or refuse to provide information as to gross sales requested by the town clerk and tax collector.

(Code 1967, § 15-33)

Editor's note

The privilege license tax schedule was printed in the Code of 1967 as section 15-34, license tax schedule. Pursuant to the provisions of G.S. section 160A-77, it has been compiled and published separately by the town as a list of the various trades, occupations, professions, agencies and businesses, together with the amount of tax due as determined from time to time by the town council. An official copy is maintained in the town clerk's office.