GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
H	1
HOUSE BILL 101

 
 
Short Title:	Nonprofit Sales Tax Revision.	()	
Sponsors:	Representatives Baker;  Buchanan and Capps.	
Referred to:	Finance.	
February 14, 2001

A BILL TO BE ENTITLED
AN ACT TO REVISE THE EXEMPTION FOR SALES BY A NONPROFIT ORGANIZATION WHEN THE NET PROCEEDS OF THE SALE BENEFIT THE STATE OR ONE OF ITS INSTRUMENTALITIES OR AGENCIES.

The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑164.13(34) reads as rewritten:
"(34)	Sales of items by a nonprofit civic, charitable, educational, scientific or literary organization when the net proceeds of the sales will be given or contributed to the State of North Carolina or to one or more of its agencies or instrumentalities, or to one or more nonprofit charitable organizations, one of whose purposes is to serve as a conduit through which such net proceeds will flow to the State or to one or more of its agencies or instrumentalities. This subdivision does not apply to sales of prepared food and drink."
SECTION 2.  This act becomes effective October 1, 2001, and applies to sales made on or after that date.