Limits the State sales tax refund to nonprofits under GS 105-164.14 to $70,370 (was, $31,700,000). Limits the local sales tax refund to nonprofits under GS 105-467 to $29,630 (was, $13,300,000).
Applies to refund applications filed on or after July 1, 2016.
LIMIT SALES TAX REFUND FOR NONPROFITS.
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| View NCGA Bill Details | 2015-2016 Session |
AN ACT TO LIMIT THE STATE AND LOCAL SALES TAX REFUND FOR NONPROFITS.Intro. by Rucho.
Status: Ref To Com On Rules and Operations of the Senate (Senate Action) (Mar 30 2015)
Bill History:
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Thu, 26 Mar 2015 Senate: Filed
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Mon, 30 Mar 2015 Senate: Passed 1st Reading
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Mon, 30 Mar 2015 Senate: Ref To Com On Rules and Operations of the Senate
S 700
Bill Summaries:
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Bill S 700 (2015-2016)Summary date: Apr 1 2015 - View Summary
View: All Summaries for Bill