North Carolina Exempts Manufacturing Machinery

Tuesday, May 29th, 2018

 
 
Close up of mill machinery.
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North Carolina
Manufacturing

Effective July 1, 2018, "mill machinery" will be fully exempt in North Carolina. "Mill machinery" means machinery, including machinery parts and accessories, purchased by manufacturing industries and plants for use in their manufacturing process.

Currently, mill machinery is exempt from sales and use tax but subject to a 1% privilege tax. Beginning July 1, 2018, the 1% privilege tax will no longer apply. The machinery will continue to be exempt from sales and use tax.

https://www.ttrus.com/North_Carolina_Exempts_Manufacturing_Machinery


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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