Bill Summary for H 339 (2019-2020)
Mar 12 2019
|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.
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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.