Bill Summary for H 339 (2019-2020)

Printer-friendly: Click to view
Bill: BROADEN SALES TAX EXEMPTION FOR FARMERS.

Summary date: 

Mar 12 2019

Bill Information:

View NCGA Bill Details2019-2020 Session
House Bill 339 (Public) Filed Tuesday, March 12, 2019
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.

View: All Summaries for BillTracking:

Bill summary

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.