Bill Text: NC S753 | 2011-2012 | Regular Session | Amended

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Bill Title: Tax Boat & Aircraft Sales At General Rate

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2011-04-20 - Ref To Com On Finance [S753 Detail]

Download: North_Carolina-2011-S753-Amended.html

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GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

S                                                                                                                                                     1

SENATE BILL 753

 

 

Short Title:        Tax Boat & Aircraft Sales at General Rate.		(Public)
Sponsors:	Senator Mansfield.
Referred to:	Finance.

April 20, 2011

A BILL TO BE ENTITLED

AN ACT to eliminate the cap on and special three percent sales tax rate applied to the sales price of an aircraft or boat sold at retail and impose the general rate of tax on those sales.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 105‑164.4(a)(1b) is repealed.

SECTION 2.  This act becomes effective July 1, 2011, and applies to sales made on or after that date.