A BILL TO BE ENTITLED
AN ACT to establish a second sales and use tax holiday.
The General Assembly of North Carolina enacts:
SECTION 1.  Part 3 of Article 5 of Chapter 105 of the General Statutes is amended by adding a new section to read:
"§ 105‑164.13D.  Second sales and use tax holiday.
(a)	The taxes imposed by this Article do not apply to the following items of tangible personal property if sold between 12:01 A.M. on the day after Thanksgiving Day and 11:59 P.M. the following Sunday:
(1)	Clothing with a sales price of one hundred dollars ($100.00) or less per item.
(2)	School supplies with a sales price of one hundred dollars ($100.00) or less per item.
(3)	Computers with a sales price of three thousand five hundred dollars ($3,500) or less per item.
(4)	Computer supplies with a sales price of two hundred fifty dollars ($250.00) or less per item.
(5)	Sport or recreational equipment with a sales price of fifty dollars ($50.00) or less per item.
(b)	The exemption allowed by this section does not apply to the following:
(1)	Sales of clothing accessories or equipment.
(2)	Sales of protective equipment.
(3)	Sales of furniture.
(4)	Sales of an item for use in a trade or business.
(5)	Rentals."
SECTION 2.  This act becomes effective October 1, 2007, and applies to sales made on or after that date.