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NC S753
Bill
Status
Introduced
4/19/2011
Primary Sponsor
Eric Mansfield
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AI Summary
- Eliminates the cap on the special three percent sales tax rate previously applied to aircraft and boat sales at retail
- Imposes the general state sales tax rate on all aircraft and boat sales instead of the reduced three percent rate
- Repeals G.S. 105-164.4(a)(1b), which contained the previous preferential tax treatment for these sales
- Becomes effective July 1, 2011, and applies to all sales made on or after that date
Legislative Description
Tax Boat & Aircraft Sales At General Rate
Last Action
Ref To Com On Finance
4/20/2011
Committee Referrals
Finance4/20/2011
Full Bill Text
No bill text available