NC S469

Authorizes the Secretary of Revenue to waive all penalties on unpaid sales taxes for qualifying businesses affected by COVID-19.

Qualifying businesses must have failed to timely pay sales taxes between February 1, 2020, and April 1, 2021, and certify the non-payment resulted from economic hardship due to governmental COVID-19 responses.

Qualifying businesses must have paid the overdue tax debt in full by May 1, 2021, to be eligible for penalty waiver relief.

Defines governmental COVID-19 response as executive orders or local regulations requiring business closures, occupancy reductions, modified hours, or other public safety measures.

Department of Revenue must provide an application by July 1, 2021, for qualifying businesses to request relief, including required supporting documentation.