NC S832

Expands the 1%/$80 excise tax exemption for companies at ports facilities to include parts, accessories, and attachments used to maintain, repair, replace, upgrade, improve, or modify machinery and equipment.

Maintains existing exemption for machinery and equipment used to unload or process bulk cargo at ports facilities for waterborne commerce.

Broadens the definition of "qualified equipment" to encompass both the primary equipment and components used in its maintenance and modification.

Effective July 1, 2013, and applies retroactively to all purchases made on or after that date.