Bill Summary for S 700 (2015-2016)

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Bill: LIMIT SALES TAX REFUND FOR NONPROFITS.

Summary date: 

Apr 1 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 700 (Public) Filed Thursday, March 26, 2015
AN ACT TO LIMIT THE STATE AND LOCAL SALES TAX REFUND FOR NONPROFITS.
Intro. by Rucho.

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Bill summary

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.