GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

H	1 

HOUSE BILL 1812

Short Title:  No Sales Tax on Donations.	(Public)

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Sponsors: Representatives Allred; Cole, Hurley, Morris, Capps, Davis, Rayfield, and Sexton.

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Referred to:  Finance.

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May 30, 2000

A BILL TO BE ENTITLED
AN ACT TO EXPAND THE SALES TAX EXEMPTION FOR BUSINESSES THAT DONATE INVENTORY FOR CHARITABLE CAUSES.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-164.13(42) reads as rewritten:
"§ 105-164.13. Retail sales and use tax.
The sale at retail, the use, storage or consumption in this State of the following tangible personal property is specifically exempted from the tax imposed by this Article: 
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(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that is purchased by a retailer for resale or is manufactured or purchased by a wholesale merchant for resale and then withdrawn from inventory and donated by the retailer or wholesale merchant to any entity contributions to which are deductible as charitable contributions for federal income tax purposes."
Section 2.  This act is effective when it becomes law.