AN ACT TO EXEMPT SALES OF ITEMS SOLD PURSUANT TO A RECEIVERSHIP PROCEEDING OR TO AN ORDER OF FEDERAL BANKRUPTCY COURT.
Amends GS 105-164.13 to exempt from retail sales and use tax the sale of items sold pursuant to (1) a receivership proceeding or (2) an order of the United States Bankruptcy Court. Applies to sales occurring on or after July 1, 2020.
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