Loading chat...

NC S396

Bill

Official Source

Status

Introduced

3/21/2013

Primary Sponsor

Wesley Meredith

Click for details

Origin

Senate

2013-2014 Session

AI Summary

  • Exempts products of mines in their original or unmanufactured state from North Carolina sales tax, regardless of who makes the sale.
  • Separates the mining exemption from the existing forestry exemption by creating a new standalone exemption provision.
  • Removes the requirement that mine products be sold by the producer in their capacity as a producer to qualify for the exemption.
  • Effective July 1, 2013, applying to all sales made on or after that date.

Legislative Description

Modify Sales Tax for Products of Mines

Last Action

Ref To Com On Finance

3/25/2013

Committee Referrals

Finance3/25/2013

Full Bill Text

No bill text available