North Carolina Taxes Electricity and Piped Natural Gas
- Jul 1, 2014 | Gail Cole
North Carolina now imposes tax on sales of electricity and piped natural gas billed on or after July 1, 2014.
The sales tax rate for electricity and piped natural gas is “the State’s general rate of tax plus the sum of the rates of the local sales taxes authorized for all counties.” Currently, that rate is 7%.
North Carolina Department of Revenue.
And legislation enacted on 6.30.14 imposes a tax of 3.5% on "gross receipts derived from sales of piped natural gas received by a gas city for consumption by that city and delivered by a gas city to a sales customer or transportation customer of the gas city." Read Senate Bill 790.
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