NC S495

Exempts prepared food and other food items purchased by continuing care retirement community (CCRC) providers from sales tax refund provisions, except for food used to feed residents receiving skilled nursing or assisted living services.

Excludes prepared food and food items used by CCRC providers from the definition of taxable prepared food, creating a sales tax exemption for these purchases.

Classifies CCRC providers as users or consumers (not retailers) of items purchased for service provision, exempting them from use tax on items provided to residents regardless of itemization or fee structure.

Exempts entrance fees, membership fees, resident fees, service fees, and other periodic charges imposed by CCRC providers from sales tax.

Forgives all sales and use tax assessments issued to CCRC providers for filing periods from February 1, 2015 through June 30, 2021, and allows reduction of existing assessments upon request, with penalties waived (excluding alcoholic beverage sales).