Bill Summary for S 261 (2013-2014)
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Summary date:
Mar 12 2013
Bill Information:
| View NCGA Bill Details | 2013-2014 Session |
AN ACT TO RESTORE THE DEPARTMENT OF REVENUE'S INTERPRETATION OF THE APPLICATION OF SALES TAX ON PRIVATE RESIDENCES RENTED FOR FEWER THAN FIFTEEN DAYS WHEN RENTED THROUGH A REAL ESTATE AGENT OR BROKER.Intro. by Jenkins.
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Bill summary
Amends GS 105-164.14(c) by creating a new subsection GS 105-164.14(c25), adding district confinement facilities created pursuant to GS 153A-219, including a local act modifying GS 153A-219, to the list of governmental entities that are allowed an annual refund of sales and use taxes paid by it under GS 105-164.14 on direct purchases of tangible personal property and services, other than electricity, telecommunications service, and ancillary service. Refund requests must be in writing and are due within six months after the end of the governmental entity's fiscal year.
Effective July 1, 2013, and applies to sales made on or after that date.