NC S755

Exempts repair, maintenance, and installation services from sales tax if provided for items covered by tax-exempt service contracts, with an exception for motor vehicles which remain taxable.

Limits the definition of "repair, maintenance, and installation services" to apply only to taxpayers with more than three employees and excludes motor vehicles from the scope of these services.

Makes service contracts for motor vehicles subject to sales tax, removing the previous exemption that applied to motor vehicle service contracts.

Effective July 1, 2016, applying to all sales made on or after that date.