Amends GS 105-164.13 to exempt from retail sales and use tax the sale of items sold pursuant to (1) a receivership proceeding or (2) an order of the United States Bankruptcy Court. Applies to sales occurring on or after July 1, 2020.
SALES TAX EXEMPTION/BANKRUPTCY PROCEEDINGS.
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| View NCGA Bill Details | 2019-2020 Session |
AN ACT TO EXEMPT SALES OF ITEMS SOLD PURSUANT TO A RECEIVERSHIP PROCEEDING OR TO AN ORDER OF FEDERAL BANKRUPTCY COURT.Intro. by Zachary, Sasser.
Status: Serial Referral To Rules, Calendar, and Operations of the House Added (House action) (Jun 3 2020)
Bill History:
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Tue, 26 May 2020 House: Filed
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Tue, 26 May 2020 House: Passed 1st Reading
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Wed, 3 Jun 2020 House: Serial Referral To Finance Added
H 1195
Bill Summaries:
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Bill H 1195 (2019-2020)Summary date: May 26 2020 - View Summary
View: All Summaries for Bill