Amends GS 105-164.13E to lower the amount of income from farming operations (from $10,000 to $7,500) that is required in order for farmers to qualify for the sales tax exemption. Applies to exemption certificates made on or after July 1, 2020.
BROADEN SALES TAX EXEMPTION FOR FARMERS.
|View NCGA Bill Details||2019-2020 Session|
AN ACT TO LOWER THE INCOME REQUIREMENT FOR QUALIFYING FARMERS FOR PURPOSES OF THE SALES TAX EXEMPTION FOR FARMERS.Intro. by Goodwin, Strickland, Dixon, Riddell.
Status: Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House (House action) (Mar 13 2019)
Tue, 12 Mar 2019 House: Filed
Wed, 13 Mar 2019 House: Passed 1st Reading
Bill H 339 (2019-2020)Summary date: Mar 12 2019 - View Summary