Amends GS 105-164.27A(a3) to authorize purchasers of boats, aircraft, and jet engines to elect to have the seller collect and remit the tax due on behalf of the purchaser. In that case, an invoice given to the purchaser bearing the proper amount of tax on a retail transaction extinguishes the purchaser's liability for the tax on the transaction. Where the seller does not separately state installation charges that are part of the sales price of tangible personal property or digital property for a boat, aircraft, or jet engine, tax is due on the total purchase price.

Amends GS 105-164.13 to exempt from retail sales and use tax the amount of repair, maintenance, and installation services for a boat, aircraft, or jet engine, for which the purchaser elects for the seller to collect and remit the tax due under GS 105-164.27A(a3).

Effective July 1, 2017, and applies to sales made on or after that date.