North Carolina Issues Notice on Partial Exemption for Manufactured Homes

Thursday, August 28th, 2014

 
 
A manufactured home.
Share
Link
North Carolina
General

The North Carolina Department of Revenue recently reminded taxpayers that effective September 1, 2014, sales of manufactured homes are 50% exempt.

Before January 1, 2014, sales of manufactured homes were subject to tax at a 2% rate. Beginning January 1, 2014, these sales were subject to tax at the general sales tax rate. From September 1, 2014 onward, these sales will be 50% exempt. This means that half of the sales price of a manufactured home will be subject to tax at the general rate, and half of the sales price will be exempt.

The date of sale will determine how the sale will be taxed. A sale's date is the date of transfer of title or possession. This is typically the delivery date. The date on the invoice, bill of sale, or similar document does not determine the sale date. If the date of sale is on or after September 1, 2014, the sale will be 50% exempt.

http://www.dor.state.nc.us/taxes/sales/impnotice082114_50percentexemption.pdf


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.

Texas Exempts Boats and Motors Temporarily Used in the...

Wednesday, June 26th, 2019 -Texas has recently passed a bill creating an exemption for boats and motors purchased for use outside of the s...

Data Survey Services Not Taxable in South Carolina

Monday, June 24th, 2019 -The South Carolina Department of Revenue recently ruled that business data survey services were non-taxable pr...

Senior Center Cafeterias are Taxable in Missouri

Friday, June 21st, 2019 -Missouri's Director of Revenue recently issued a letter ruling taxing the sale of cafeteria food by a 501(c)(3...

Hot-Air Balloon Rides in Missouri are Taxable When...

Wednesday, June 19th, 2019 -Missouri recently released a letter ruling addressing the taxation of hot-air balloon rides. The taxpayer was ...

Nevada Exempts Certain Medical Equipment

Monday, June 17th, 2019 -Effective July 1, 2019, Nevada will exempt durable medical equipment, oxygen delivery equipment, and mobility ...

Participatory Sports are Taxable in New York

Friday, June 14th, 2019 -The New York Division of Tax Appeals recently denied a refund claim made by an instructor-led indoor spin clas...