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).
BROADEN SALES TAX EXEMPTION FOR FARMERS.
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View NCGA Bill Details | 2015-2016 Session |
AN ACT TO LOWER THE INCOME REQUIREMENT FOR QUALIFYING FARMERS FOR PURPOSES OF THE SALES TAX EXEMPTION FOR FARMERS.Intro. by Holloway, Whitmire, Riddell.
Status: Re-ref Com On Finance (House Action) (Apr 21 2015)
Bill History:
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Thu, 12 Mar 2015 House: Filed
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Mon, 16 Mar 2015 House: Passed 1st Reading
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Mon, 16 Mar 2015 House: Ref to the Com on Agriculture, if favorable, Finance
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Tue, 21 Apr 2015 House: Reptd Fav Com Substitute
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Tue, 21 Apr 2015 House: Re-ref Com On Finance
H 227
Bill Summaries:
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Bill H 227 (2015-2016)Summary date: Apr 21 2015 - View Summary
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Bill H 227 (2015-2016)Summary date: Mar 12 2015 - View Summary
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.
View: All Summaries for Bill