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NC H1039
Bill
Status
Introduced
5/2/2024
Primary Sponsor
Brandon Lofton
Click for details
AI Summary
- Reenacts subdivisions (2b) and (2c) of G.S. 105-164.14(c) that were previously repealed, restoring sales tax refund provisions for local school administrative units (LEAs)
- Allows LEAs and joint agencies created by interlocal agreement to receive annual refunds on sales and use taxes paid for direct purchases of tangible personal property and services
- Excludes refunds on purchases of electricity, telecommunications service, ancillary service, piped natural gas, video programming, and prepaid meal plans
- Repeals G.S. 105-164.44H effective July 1, 2024, and appropriates from the General Fund to the State Public School Fund an amount equal to the budget adjustment
- Becomes effective July 1, 2024, and applies to sales made on or after that date
Legislative Description
Restore LEA Sales Tax Benefit
Sales & Use
Last Action
Ref To Com On Rules, Calendar, and Operations of the House
5/7/2024
Committee Referrals
Rules, Calendar, and Operations of the House5/7/2024
Full Bill Text
No bill text available