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NC S414

Bill

Official Source

Status

Introduced

3/25/2013

Primary Sponsor

Fletcher Hartsell

Click for details

Origin

Senate

2013-2014 Session

AI Summary

  • Repeals the sales tax refund for interstate passenger air carriers on fuel purchases over $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, replacing the refund mechanism.

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

  • Changes the method of tax relief from a post-purchase refund to a point-of-sale exemption for air carrier fuel purchases.

Legislative Description

Convert Air Carrier Fuel Refund to Exemption

Last Action

Ref To Com On Rules and Operations of the Senate

3/26/2013

Committee Referrals

Rules and Operations of the Senate3/26/2013

Full Bill Text

No bill text available