North Carolina residents prepare for expiration of sales tax exemptions

by Lucinda Rowlands December 20, 2013

North Carolina sales tax exemptions

North Carolina sales tax exemptions

North Carolina's sales tax exemptions on many items such at sporting events is set to expire Jan. 1st, 2014.[/caption] On January 1st, 2014, a number of sales tax exemptions are set to expire in North Carolina. Next year, residents will need to pay the normal 4.75 % state sales tax rate on mobile homes, chiropractic supplements, and tickets for events like movies, sporting events, concerts and museums. Previously, the state didn’t charge sale taxes on these items or charged a lower rate. The North Carolina government plans to end these exemptions as part of a deal to update the state’s tax code. The government will use the extra revenues from these sales to reduce both corporate and personal income tax rates. Read more at Blue Ridge Now

Charles F. Spielmann
Lucinda Rowlands
Lucinda Rowlands


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