NC H1913

Creates a sales tax exemption for all-terrain vehicles and personal watercraft sold between 12:01 A.M. on the third Friday of June and 11:59 P.M. the following Sunday.

Defines "all-terrain vehicle" by reference to G.S. 20-4.01 and defines "personal watercraft" as a small vessel using an outboard, propeller-driven, or inboard water jet motor designed to be operated by a person sitting, standing, or kneeling on rather than inside the vessel.

Exemption does not apply to products sold for use in a trade or business or to rental transactions.

Applies the new tax holiday to both state and local sales and use taxes in the same manner as existing tax holidays under G.S. 105-164.13C and 105-164.13D.

Effective upon enactment and applies to sales made on or after the date the act becomes law.