House Bill 14 - Revenue Laws Technical Changes (SL 2013-414)

• Makes technical clarifying and administrative changes to North Carolina revenue laws and statutes, including terminology updates (replacing "report" with "return" in various tax sections) and grammatical corrections throughout the tax code.

• Establishes provisions for direct mail sourcing under sales and use tax, including separate rules for advertising/promotional direct mail versus other direct mail, with a new G.S. 105-164.4E addressing delivery-based sourcing principles.

• Creates adjustments for state decoupling from federal accelerated depreciation and expensing (G.S. 105-130.5B and 105-134.6A), allowing taxpayers to add back 85% of bonus depreciation with 20% annual deductions over five years, with special basis adjustment rules for asset transfers.

• Removes exemptions from room occupancy taxes for specific entities (religious, educational organizations, summer camps, and small rental businesses) in multiple counties, allowing local occupancy taxes to apply more broadly to accommodation rentals.

• Updates motor vehicle classified property tax provisions effective July 1, 2013, clarifying registration and tax collection procedures, interest accrual rates, and appeal processes for owners of classified motor vehicles.