H600 Summary

• Clarifies North Carolina revenue laws across multiple tax types including business taxes, personal income taxes, sales and use taxes, and excise taxes with technical and administrative improvements.

• Modifies sales and use tax definitions and administration, including changes to "bundled transactions," "capital improvements," "digital property," and "repair, maintenance, and installation services" with updated sourcing and liability rules.

• Establishes new sales tax provisions for property management contracts, utility installation charges, and delivery sales of tobacco products with age verification requirements.

• Updates tax administration procedures including collection assistance fees (extending the timeline from 30 to 60 days), withholding requirements for nonresident contractors and ITIN holders, and refund statute of limitations provisions.

• Makes technical corrections and conforming changes to excise taxes on cigarettes, tobacco products, motor fuel, and wine/beer reporting requirements, and adds new information reporting requirements for franchisors and real property transactions.