September 21, 2016
The NCDOR’s Sales and Use Tax Division has issued Form E-505 which includes an overview of the many changes enacted by the 2016 Session of the NC General Assembly to the taxes administered by the Sales and Use Tax Division.
This form includes an overview of many changes enacted by the 2016 Session of the General Assembly to the taxes administered by the Sales and Use Tax Division. The annual Tax Law Changes publication produced by the Department will be available on the Department’s website, www.dornc.com, and will contain detailed explanations of the 2016 legislative changes. To receive information by email including forthcoming information on many of the items contained herein, subscribe to the Department of Revenue Tax Updates Email List (“eAlerts”) at https://www.dornc.com/electronic/ taxupdates.html. Legislative changes may supersede any information previously set forth in the Sales and Use Tax Administrative Rules, Technical Bulletins, Notices, Directives, Private Letter Rulings, or other information published by the Department relating to any subject matter of the legislation.
To read the complete eight-page summary, please visit this link.