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On July 30, 2013, Lyons Gray, the North Carolina Secretary of Revenue, sent a letter to the Streamlined Sales Tax Governing Board (Board) certifying that North Carolina was in substantial compliance with the provisions of the Streamlined Sales and Use Tax Agreement (SSUTA), except for certain provisions included in H.B. 14, the bill that was ratified by the legislature and not yet signed by the governor as of the date of the letter.

 

North Carolina Governor Pat McCrory signed H.B. 14 on August 23, 2013. The purpose of H.B. 14 is to make sure North Carolina tax law substantially conforms to the provisions of the SSUTA.

 

This bill includes definitions for “advertising and promotional direct mail” and “other direct mail” and related language clarifying the sourcing provisions for advertising and promotional direct mail and other direct mail. The bill also provides certain relief from liability for sellers of direct mail.

 

In addition to these provisions, the bill also includes many other technical, clarifying and administrative changes to North Carolina’s tax provisions, including, among many other changes, language providing for certain adjustments resulting from the state’s decoupling from the federal accelerated depreciation, and language providing for an extension of time to request a refund of overpayment under certain circumstances.

 

The bill’s provisions have several different effective dates, some of which affect the 2012 tax year.

 

Click here to read the letter sent to the Board.

Click here to read the text of the changes to the North Carolina tax provisions.

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