House committee substitute makes the following changes to the 1st edition.
Provides that the act applies to exemption certificates issued on or after July 1, 2015 (was, applies to sales made on or after that date).
Status: Re-ref Com On Finance (House Action) (Apr 21 2015)
Thu, 12 Mar 2015 House: Filed
Mon, 16 Mar 2015 House: Passed 1st Reading
Mon, 16 Mar 2015 House: Ref to the Com on Agriculture, if favorable, Finance
Tue, 21 Apr 2015 House: Reptd Fav Com Substitute
Tue, 21 Apr 2015 House: Re-ref Com On Finance
Bill H 227 (2015-2016)Summary date: Apr 21 2015 - More information
Bill H 227 (2015-2016)Summary date: Mar 12 2015 - More information
Amends GS 105-164.13E to lower the amount of income from farming operations (from $10,000 to $5,000) that is required in order for farmers to qualify for the sales tax exemption. Applies to sales made on or after July 1, 2015.