NC H1233

Amends G.S. 105-164.14(b) to allow nonprofit cemetery companies exempt from federal income tax under Section 501(c)(13) of the Internal Revenue Code to receive semiannual sales and use tax refunds.

Refunds apply to direct purchases of tangible personal property and services (excluding electricity, telecommunications, and ancillary services) used in carrying on the cemetery's nonprofit activities.

Refund requests for the first six months of a calendar year are due by October 15; requests for the second six months are due by April 15.

The aggregate annual refund amount allowed to any entity under this provision may not exceed $31,700,000.

Effective date is July 1, 2014, applying to sales made on or after that date.