HATTERAS YACHT COMPANY v. High

LáKE, J.

G.S. 105-164.4, which is part of the North Carolina Sales and Use Tax Act of 1957, as amended, provides:

“There is hereby levied and imposed, in addition to all other taxes of every kind now imposed by law, a privilege or license tax upon every person who engages in the business of selling tangible personal property at retail * * *. (1) At the rate of three per cent (3%) of the sales price of each item or article of tangible personal property when sold at retail in this State * * *. Provided, however, that in the case of the sale of any airplane, railway locomotive, railway car or the…