Limits the State sales tax refund to nonprofits under GS 105-164.14 to $70,370 (was, $31,700,000). Limits the local sales tax refund to nonprofits under GS 105-467 to $29,630 (was, $13,300,000).
Applies to refund applications filed on or after July 1, 2016.
Bill Summaries: S700 LIMIT SALES TAX REFUND FOR NONPROFITS.
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Bill S 700 (2015-2016)Summary date: Apr 1 2015 - View Summary