Bill Summary for H 227 (2015-2016)
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Summary date:
Mar 12 2015
Bill Information:
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.
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Bill 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.