§ 7-29. Term; due date.

(a)

Unless otherwise provided in the schedule of license taxes in section 7-41, each privilege license issued shall cover the twelve-month period beginning July 1 of each calendar year and ending June 30 of the subsequent calendar year.

(b)

The privilege license tax is due on July 1 of each year. If, however, a person begins a business after July 1, the tax for that year must be paid before the business is begun.

(Code 1980, § 6-1-4)

State law reference

Due date, G.S. 105-33(c).