GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

H	1 

HOUSE BILL 35

Short Title:  Conform Sales Tax Refund Period.	(Public)

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Sponsors: Representatives Capps, Blue, Cansler, Church, Neely, Shubert; and Aldridge.

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Referred to:  Finance.

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February 4, 1997

A BILL TO BE ENTITLED
AN ACT TO EXTEND THE TIME ALLOWED GOVERNMENT ENTITIES AND NONPROFIT ENTITIES FOR CLAIMING SALES TAX REFUNDS.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-164.14(d) reads as rewritten:
"(d)	Penalties for Late Applications. – Refunds made pursuant to applications filed after the dates specified in subsections (b) and (c) above are subject to the following penalties for late filing: applications filed within 30 days after the due date, twenty-five percent (25%); applications filed after 30 days but within three years after the due date, fifty percent (50%). Refunds applied for more than three years after the due date are barred."
Section 2.  This act is effective when it becomes law and applies to sales taxes paid on or after January 1, 1994.