North Carolina Taxes Sales by Nonprofits

Friday, November 11th, 2016

 
 
Arkansas Department of Finance and Administration
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North Carolina
General

Effective January 1, 2017, sales by nonprofit organizations that benefit the state government will be taxable.

Currently, North Carolina exempts sales by nonprofit organizations when the net proceeds will go to the state. Beginning January 1, 2017, the exemption will no longer apply. Retail sales by nonprofit organizations will be subject to tax even if the proceeds benefit the state government.

http://www.dornc.com/taxes/sales/impnotice110416_nonprofits.pdf


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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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