2010 North Carolina Code
Chapter 105 Taxation.
Article 36C - Gasoline, Diesel, and Blends.
105-449.125. Distribution of tax revenue among various funds and accounts.
105‑449.125. Distribution of tax revenue among various funds and accounts.
The Secretary shall allocate the amount of revenue collected under this Article from an excise tax of one‑half cent (1/2 ) a gallon to the following funds and accounts in the fraction indicated:
Fund or Account Amount
Commercial Leaking Petroleum
Underground Storage Tank Cleanup Fund Nineteen thirty‑seconds
Noncommercial Leaking Petroleum
Underground Storage Tank Cleanup Fund Three thirty‑seconds
Water and Air Quality Account Five‑sixteenths.
The Secretary shall allocate seventy‑five percent (75%) of the remaining excise tax revenue collected under this Article to the Highway Fund and shall allocate twenty‑five percent (25%) to the Highway Trust Fund.
The Secretary shall charge a proportionate share of a refund allowed under this Article to each fund or account to which revenue collected under this Article is credited. The Secretary shall credit revenue or charge refunds to the appropriate funds or accounts on a monthly basis. (1995, c. 390, s. 3.)
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