NC H1167

Eliminates the $1,500 tax cap on aircraft and boats sold at retail, requiring 3% sales tax to be applied to the full sales price without maximum limit.

Removes the $1,500 tax cap on recreational vehicles (RVs) not subject to the $1,000 commercial vehicle cap, making them subject to 3% use tax on full retail value.

Applies 3% tax rate to aircraft, boats, and recreational vehicles consistently with standard sales and use tax treatment.

Effective July 1, 2012 for all sales made on or after that date.