Bill Summary for S 440 (2021-2022)

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Summary date: 

Mar 31 2021

Bill Information:

View NCGA Bill Details2021
Senate Bill 440 (Public) Filed Wednesday, March 31, 2021
AN ACT TO EXEMPT CERTAIN FUNDRAISING EVENTS BY NONPROFITS FROM SALES TAX.
Intro. by Davis, Burgin.

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Bill summary

Amends GS 105-164.4G, which taxes gross receipts derived from an admission charge to an entertainment activity, to exempt from the tax events held by a nonprofit exempt from tax under Article 4 (income tax) of GS Chapter 105 solely for fundraising purposes for the entity. Applies to admission charges for entertainment activities held on or after July 1, 2021.