North Carolina Administrative Code (Last Updated: November 13, 2014) |
TITLE 17. REVENUE |
CHAPTER 07. SALES AND USE TAX AND MANUFACTURING PRIVILEGE TAX |
SUBCHAPTER D. MANUFACTURING FUEL AND CERTAIN MACHINERY AND EQUIPMENT PRIVILEGE TAX |
17 NCAC 07D .0104. PURCHASES BY MANUFACTURERS
Latest version.
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Purchases of tangible personal property by a manufacturer for use in its business are subject to either the sales or use tax or privilege tax. A manufacturer who owes use tax must report and pay the tax in accordance with the filing requirements for a wholesale merchant.
History Note: Authority G.S. 105-164.3; 105‑164.6; 105-187.50; 105-187.51; 105-187.51A; 105-187.52; 105‑262; Articles 39, 40, 42, 43, 44;
Eff. July 1, 2006.