GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

H	1 

HOUSE BILL 1462

Short Title:  Clarify Sales Tax Structure.	(Public)

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Sponsors: Representative Miller.

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Referred to:  Finance.

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May 4, 1999

A BILL TO BE ENTITLED
AN ACT TO CLARIFY THAT ELECTRICITY DOES NOT BECOME A PART OF TANGIBLE PERSONAL PROPERTY IN THE MANUFACTURING PROCESS.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-164.13(8) reads as rewritten:
"(8)	Sales to a manufacturer of tangible personal property that enters into or becomes an ingredient or a component part of tangible personal property that is manufactured.  Electricity does not enter into or become an ingredient or a component part of tangible personal property for the purposes of this subdivision."
Section 2.  This act becomes effective July 1, 1999.