North Carolina Extends Tax Rate

While considering whether or not to make the additional % sales and use tax rate permanent, the North Carolina General Assembly has enacted legislation that establishes a short-term extension of the tax. The additional tax was going to originally expire June 30, 2005 but will be expended until the Regular Session Appropriations Act becomes law. (North Carolina Department of Revenue Notice 6-05, http://www.dor.state.nc.us/taxes/sales/ImpNotice_6-05.pdf)

Posted on November 21, 2005