Modifies the definition of an artisan bakery that is exempt from sales tax in GS 105-164.13B(a)(4) to be a bakery that (1) derives over 80% of its gross receipts from bakery items and (2) has annual gross receipts, combined with the gross receipts of all related persons (defined within) not exceeding $2.4 million (was, $1.8 million).
Effective October 1, 2025 and applies to sales made on or after that date.
PREPARED FOOD TAX - MODIFICATION.
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| View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO INCREASE THE GROSS RECEIPTS THRESHOLD FOR ARTISANAL BAKERIES EXEMPT FROM THE SALES TAX.Intro. by Wheatley, F. Jackson, Charles Smith.
Status: Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House (House action) (Apr 14 2025)
Bill History:
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Wed, 9 Apr 2025 House: Filed(link is external)
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Mon, 14 Apr 2025 House: Passed 1st Reading(link is external)
H 884
Bill Summaries:
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Bill H 884 (2025-2026)Summary date: Apr 9 2025 - View Summary
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