GENERAL ASSEMBLY OF NORTH CAROLINA

SECOND EXTRA SESSION 1996

S	1 

SENATE BILL 18

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

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Sponsors: Senators Cochrane; Forrester, Simpson, Kincaid, McKoy, Carpenter, Ballantine, Speed, Foxx, Clark, Smith, Allran, McDaniel, Page, Shaw, Blust, Kincaid, Carrington, Horton, Little, Hartsell, Ledbetter, Blackmon, Davis, and Webster.

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Referred to:  Finance.

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July 9, 1996

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that is purchased by a retailer for resale or is manufactured or purchased by a wholesale merchant for resale and then withdrawn from inventory and donated by the retailer or wholesale merchant to a nonprofit organization, contributions to which are deductible as charitable contributions for federal income tax purposes."
Sec. 2.  G.S. 105-164.13(13a) and (31b) are repealed.
Sec. 3.  This act is effective upon ratification.