North Carolina: August Sales Tax Holiday Repealed
- Jul 11, 2014 | Gail Cole
Many states are offering North Carolina Department of Revenue has issued an important notice reminding taxpayers that the August sales and use tax holiday has been repealed.
Effective July 1, 2014, N.C. Gen Stat. § 105-164.13C is repealed. Items previously qualifying for an exemption from sales tax during the first weekend of August remain subject to tax. Retailers are not permitted to “offer to absorb the tax… or in any manner directly or indirectly advertise that the tax herein imposed is not considered an element in the price to the purchaser.” Any retailer found guilty of doing so “shall be guilty of a Class 1 misdemeanor.”
Additional information is provided on the department notice.
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