§ 105-506.1 — Definitions

North Carolina § 105-506.1

• Jurisdiction: North Carolina
• Ch. 105: Taxation
• Art. 43: Local Government Sales and Use Taxes for Public Transportation
• Subch. VIII: LOCAL GOVERNMENT SALES AND USE TAX

Text

The definitions in G.S. 105-164.3 and the following definitions apply in this Article:
(1) Board of trustees. - The governing body of a transportation authority.
(2) Net proceeds. - Gross proceeds less the cost of administering and collecting the tax.
(3) Public transportation system. - Any combination of real and personal property established for purposes of public transportation. The systems may include one or more of the following: structures, improvements, buildings, equipment, vehicle parking or passenger transfer facilities, railroads and railroad rights-of-way, rights-of-way, bus services, shared-ride services, high-occupancy vehicle facilities, car-pool and vanpool programs, voucher programs, telecommunications and information systems, integrated fare systems, and the interconnected bicycle and pedestrian infrastructure that supports public transportation, bus lanes, and busways. The term does not include, however, streets, roads, or highways except to the extent they are dedicated to public transportation vehicles or to the extent they are necessary for access to vehicle parking or passenger transfer facilities.
(4) Transportation authority. - For the purposes of Parts 3 and 4 of this Article, a regional public transportation authority created pursuant to Article 26 of Chapter 160A of the General Statutes; and for the purposes of Parts 3 and 5 of this Article, a regional transportation authority created pursuant to Article 27 of Chapter 160A of the General Statutes. (1997-417, s. 1; 2009-527, s. 2(a), (b).)