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NC S440

Bill

Status

Introduced

3/31/2021

Primary Sponsor

Donald Davis

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Origin

Senate

2021-2022 Session

AI Summary

  • Exempts admission charges for fundraising events held by tax-exempt nonprofit entities from North Carolina sales tax
  • Applies only to events held solely for fundraising purposes by nonprofits exempt under Article 4 of Chapter 105
  • Allows entertainment activities to be offered as an ancillary (secondary) purpose at these fundraising events without affecting the tax exemption
  • Effective July 1, 2021, and applies to admission charges for entertainment activities held on or after that date
  • Referred to the Senate Rules and Operations Committee

Legislative Description

Nonprofit Fundraising Sales Tax Exemption

Public

Last Action

Ref To Com On Rules and Operations of the Senate

4/1/2021

Committee Referrals

Rules and Operations of the Senate4/1/2021

Full Bill Text

No bill text available