NC S1186

Extends the 3% admissions tax to internet ticket resellers, taxing the markup between the reseller's purchase price and sale price (effective January 1, 2011).

Clarifies that the admissions tax applies only to charges for admission to live entertainment events, excluding separate charges for amenities like premium seating.

Removes taxation of general amusement or entertainment activities not taxed by other provisions, consolidating the tax primarily on live entertainment and ticket resales.

Prohibits cities from levying local license taxes on internet ticket resellers, while maintaining existing local tax authority over live entertainment providers.

Requires the Secretary of Revenue to provide at least 90 days' notice before revised tax interpretations that expand tax scope or increase tax amounts become effective for monthly/quarterly taxes, and one full tax year notice for annual taxes.