AN ACT TO CLARIFY THE MILL MACHINERY TAX BENEFIT.
Amends GS 105-164.13(5e), which provides qualifying farmers a tax exemption for sales of mill machinery or mill machinery parts or accessories to any of the persons specified, including a manufacturing industry or plant. Clarifies that a manufacturing industry or plant does not include a deli, cafe, cafeteria, restaurant, or another similar retailer that is principally engaged in the retail sale of food prepared by it (was, foods prepared by it) for consumption on or off premises, nor a production company. Specifies that the determination of whether a person is excluded from a manufacturing plant or industry, as defined, is related to the date of purchase.
Provides legislative findings and intent, and directs that the act should be used by the Department of Revenue for all determinations regarding persons claiming the mill machinery tax benefit from the time of enactment until the time of its replacement with the tax exemption modified by the act.