North Carolina Reduced Rate Privilege Tax for Datacenters Expired

Monday, July 13th, 2015

 
 
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Effective July 1, 2015, the reduced rate privilege tax imposed on sales of datacenter machinery and equipment has expired. This machinery and equipment is now subject to the general sales and use tax rate.

Note that there is currently legislation that may reinstate the reduced rate and/or provide other sales tax incentives for datacenters. However, none of this legislation has yet passed.

http://www.dornc.com/taxes/sales/impnotice070215_privilege.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.

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