Requires the Revenue Laws Study Committee (Committee) to study replacing the requirement for tax‑exempt nonprofit corporations to pay and seek a refund for the sales tax with a sales tax exemption. Requires the study to include any negative effects on county budgets resulting from the inclusion of local sales tax revenues that must be refunded to nonprofit corporations. Requires the Committee to report its findings, together with any recommended legislation, to the 2018 Regular Session of the 2017 General Assembly upon its convening.
RLSC STUDY SALES TAX EXEMPTION: NONPROFITS.
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View NCGA Bill Details(link is external) | 2017-2018 Session |
AN ACT TO REQUIRE THE REVENUE LAWS STUDY COMMITTEE TO STUDY THE EFFECTS OF CREATING A SALES TAX EXEMPTION FOR NONPROFIT CORPORATIONS.Intro. by D. Davis, Pate.
Status: Ref To Com On Rules and Operations of the Senate (Senate Action) (Feb 13 2017)
Bill History:
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Thu, 9 Feb 2017 Senate: Filed(link is external)
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Mon, 13 Feb 2017 Senate: Passed 1st Reading(link is external)
S 70
Bill Summaries:
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Bill S 70 (2017-2018)Summary date: Feb 9 2017 - View Summary
View: All Summaries for Bill