Amends GS 105-164.13E to lower the amount of income from farming operations (from $10,000 to $7,500) that is required in order for farmers to qualify for the sales tax exemption. Applies to exemption certificates made on or after July 1, 2020.
BROADEN SALES TAX EXEMPTION FOR FARMERS.
Printer-friendly: Click to view
| View NCGA Bill Details(link is external) | 2019-2020 Session |
AN ACT TO LOWER THE INCOME REQUIREMENT FOR QUALIFYING FARMERS FOR PURPOSES OF THE SALES TAX EXEMPTION FOR FARMERS.Intro. by Goodwin, Strickland, Dixon, Riddell.
Status: Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House (House action) (Mar 13 2019)
Bill History:
-
Tue, 12 Mar 2019 House: Filed(link is external)
-
Wed, 13 Mar 2019 House: Passed 1st Reading(link is external)
H 339
Bill Summaries:
-
Bill H 339 (2019-2020)Summary date: Mar 12 2019 - View Summary
View: All Summaries for Bill