Appeal of Clayton-Marcus Company, Inc.

LAKE, Justice.

G.S. 105-164.6, in the part thereof pertinent to this appeal, provides:

“Imposition of tax. — An excise tax is hereby levied and imposed on the storage, use or consumption in this State of tangible personal property purchased within and without this State for storage, use or consumption in this State, the same to be collected and the amount to be determined by the application of the following rates against the sales price * * * . ”

Clayton-Marcus purchased fabric in rolls or bolts from sources of supply in and out of this State, received the fabric at its plant in this State, put…