BROADEN SALES TAX EXEMPTION FOR FARMERS.

View NCGA Bill Details2015-2016 Session
House Bill 227 (Public) Filed Thursday, March 12, 2015
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:

H 227

Bill Summaries:

  • Summary date: Apr 21 2015 - More information

    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).


  • 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.


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