NC S826

Makes technical corrections to North Carolina tax code, including updates to Internal Revenue Code reference date from January 1, 2011 to January 1, 2012.

Modifies corporate tax definitions by consolidating and reorganizing definitions in G.S. 105-130.2, including clarified definitions of "affiliate," "parent," and "subsidiary" corporations.

Updates sales and use tax provisions regarding sourcing rules for digital goods, prepaid calling services, and over-the-counter drugs, with conforming changes to Streamlined Sales Tax Agreement reference date.

Establishes new classified motor vehicle tax procedures effective July 1, 2013, including separate appeals processes for vehicle valuations and exemption eligibility, and modifies interest and enforcement provisions for unregistered vehicles.

Transfers administration of State Home Foreclosure Prevention Project from Commissioner of Banks to Housing Finance Agency effective December 1, 2012, and establishes separate State Home Foreclosure Prevention Trust Fund.