NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 1231

HOUSE BILL 1298

 

 

AN ACT TO REPEAL G.S. 105-37.1 WHICH IMPOSES A TAX ON CERTAIN FORMS OF ENTERTAINMENT OR AMUSEMENT NOT OTHERWISE SUBJECT TO A STATE LICENSE TAX.

 

The General Assembly of North Carolina do enact:

 

Section 1.  Subsection (a) of G.S. 105-37.1 is hereby amended by adding at the end thereof a new paragraph to read as follows:

"Dances and other amusements actually promoted and managed by civic and private and public secondary schools shall not be subject to the license tax imposed by this Section and the first one thousand dollars ($1,000.00) of gross receipts derived from such events shall be exempt from the gross receipts tax herein levied when the entire net proceeds of such dances or other amusements are used exclusively for the school or civic and charitable purposes of such organizations and not to defray the expenses of the organization conducting such dance or amusement. The mere sponsorship of dance or other amusement by such a school, civic, or fraternal organization shall not be deemed to exempt such dance or other amusement as provided in this paragraph, but the exemption shall apply only when the dance or amusement is actually managed and conducted by the school, civic, or fraternal organization and the proceeds are used as hereinbefore required."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall be in full force and effect upon its ratification.

In the General Assembly read three times and ratified, this the 26th day of June, 1963.