Scope and Nature - Rules and Bulletins

State privilege license taxes are imposed for the privilege of carrying on the business, exercising the privilege or doing the act named in Article 2, Schedule B of the Revenue Laws of North Carolina. These privilege license taxes are in addition to any regulatory or qualification requirements to engage in the practice of a profession, business or trade. Various State privilege licenses were repealed effective July 1, 1999. The remaining sections of law which impose taxes are listed below:

G.S. 105-41 Attorneys-at-law and Other Professionals
G.S. 105-83 Installment Paper Dealers
G.S. 105-88 Loan Agencies or Brokers, including Pawnbrokers and Check Cashers
G.S. 105-102.3 Banks
G.S. 105-102.6 Publishers of Newsprint Publications

Note: Effective July 1, 1999, pawnbrokers became subject to license tax under G.S. 105-88, but the maximum on county and city privilege license taxes imposed on a business taxed under this statute does not apply to pawnbrokers. Pawnbrokers remain subject to the maximum county and city privilege license taxes imposed under G.S. 153A-152 and G.S. 160A-211.