Bill Summary for H 884 (2025-2026)

Printer-friendly: Click to view
Bill: PREPARED FOOD TAX - MODIFICATION.

Summary date: 

Apr 9 2025

Bill Information:

View NCGA Bill Details2025-2026 Session
House Bill 884 (Public) Filed Wednesday, April 9, 2025
AN ACT TO INCREASE THE GROSS RECEIPTS THRESHOLD FOR ARTISANAL BAKERIES EXEMPT FROM THE SALES TAX.
Intro. by Wheatley, F. Jackson, Charles Smith.

View: All Summaries for BillTracking:

Bill summary

Modifies the definition of an artisan bakery that is exempt from sales tax in GS 105-164.13B(a)(4) to be a bakery that (1) derives over 80% of its gross receipts from bakery items and (2) has annual gross receipts, combined with the gross receipts of all related persons (defined within) not exceeding $2.4 million (was, $1.8 million).

Effective October 1, 2025 and applies to sales made on or after that date.