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NC S494

Bill

Official Source

Status

Introduced

3/29/2017

Primary Sponsor

Richard Gunn

Click for details

Origin

Senate

2017-2018 Session

AI Summary

  • Exempts from sales tax certain repair or replacement parts sold to companies that primarily sell ready-mix concrete for ready-mix concrete mills.
  • The exemption applies to parts for mills that are either freestanding or affixed to motor vehicles.
  • Amends G.S. 105-164.13 by adding a new subdivision (5e) to establish the sales tax exemption.
  • Effective July 1, 2017, and applies to sales made on or after that date.

Legislative Description

Ready Mix Concrete Mill Sales Tax Exemption

Last Action

Ref To Com On Rules and Operations of the Senate

3/30/2017

Committee Referrals

Rules and Operations of the Senate3/30/2017

Full Bill Text

No bill text available