NC H520

Repeals the sales tax refund for interstate passenger air carriers on fuel purchases exceeding $2,500,000, effective July 1, 2013 (moved up from January 1, 2014).

Creates a new sales tax exemption for fuel sold to interstate passenger air carriers, allowing them to avoid the tax entirely rather than claim refunds.

Exemption applies to sales made on or after July 1, 2013.

Converts the existing refund mechanism in G.S. 105-164.14A into a direct exemption under G.S. 105-164.13.