Bill Summary for S 81 (2017-2018)
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Summary date:
Feb 14 2017
Bill Information:
| View NCGA Bill Details | 2017-2018 Session |
AN ACT TO DEFINE A RETAILER AS A PERSON WHO FACILITATES SALES IN THIS STATE AND TO ESTABLISH THAT ECONOMIC NEXUS AND THE MARKETPLACE IS THE BASIS FOR COLLECTION OF SALES TAX BY REMOTE SELLERS.Intro. by Tucker, Brock, Tillman.
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Bill summary
Amends GS 105-164.8(b) to establish that a retailer is engaged in business in this state and is subject to the tax levied under Article 5 of GS Chapter 105 (Sales and Use Tax) if the retailer, with respect to remote sales into North Carolina for the previous calendar year, had (1) gross sales in excess of $100,000 and/or (2) 200 or more separate transactions. Effective July 1, 2017, and applies to sales made on or after that date.