Bill Summary for H 227 (2015-2016)

Summary date: 

Mar 12 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 227 (Public) Filed Thursday, March 12, 2015
AN ACT TO LOWER THE INCOME REQUIREMENT FOR QUALIFYING FARMERS FOR PURPOSES OF THE SALES TAX EXEMPTION FOR FARMERS.
Intro. by Holloway, Whitmire, Riddell.

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Bill summary

Amends GS 105-164.13E to lower the amount of income from farming operations (from $10,000 to $5,000) that is required in order for farmers to qualify for the sales tax exemption. Applies to sales made on or after July 1, 2015.

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