GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

H	1 

HOUSE BILL 1057*

Short Title:  Exempt Audiovisual Masters.	(Public)

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Sponsors: Representatives Grady; McComas and Preston.

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Referred to:  Commerce, if favorable, Finance.

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April 21, 1997

A BILL TO BE ENTITLED
AN ACT TO EXEMPT FROM SALES TAX AUDIOVISUAL MASTER TAPES USED IN THE MOTION PICTURE, TELEVISION, AND AUDIO PRODUCTION INDUSTRIES.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-164.13 is amended by adding a new subdivision to read:
"(22a)	Sales of audiovisual masters made or used by a production company in making visual and audio images for first generation reproduction.  For the purpose of this subdivision, an ‘audiovisual master' is an audio or video film, tape, or disk or another audio or video storage device from which all other copies are made.  For the purpose of this subdivision, a production company is a person engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or educational purposes."
Section 2.  This act becomes effective July 1, 1997, and applies to sales made on or after that date.