GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1995

S	1 

SENATE BILL 103

Short Title:  No Sales Tax on Donated Items.	(Public)

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Sponsors: Senators Cochrane, Hoyle, Kerr; Carpenter, Foxx, and Forrester.

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Referred to:  Finance.

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February 1, 1995

A BILL TO BE ENTITLED
AN ACT TO EXEMPT FROM SALES AND USE TAX TANGIBLE PERSONAL PROPERTY THAT IS MANUFACTURED OR PURCHASED FOR RESALE BY A WHOLESALE MERCHANT OR A RETAILER AND THEN DONATED TO A NONPROFIT ORGANIZATION TO BE USED FOR A CHARITABLE PURPOSE.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-164.13 is amended by adding a new subdivision to read:
"(42)	Tangible personal property that is purchased by a retailer for resale or is manufactured or purchased by a wholesale merchant for resale and then withdrawn from inventory and donated by the retailer or wholesale merchant to a nonprofit organization to be used for a charitable purpose."
Sec. 2.  G.S. 105-164.13 (13a) and (31b) are repealed.
Sec. 3.  This act is effective upon ratification.