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Franchise Tax, Corporate Income Tax, and Insurance Premium Tax Rules and Bulletins Reflecting Changes Made in the 2017 Regular Session of the North Carolina General Assembly.

The law which requires North Carolina income tax to be withheld from payments made to nonresidents for personal services and to ITIN contractors has been amended to also require withholding on compensation paid to certain non-wage compensation recipients for services performed in North Carolina.

The following important information is addressed in this notice:

  • Effective for sales made on or after October 1, 2019, certain sales of diapers and incontinence underpads are exempt from sales and use tax.
  • The terms "diaper" and "incontinence underpad" are defined.
  • Documentation required to substantiate the sale is exempt from sales and use tax.

The following important information is addressed in this notice: 

  • Sales and use tax due by a distillery permit holder on sales of mixed beverages, wine, malt beverages, spirituous liquor, and other tangible personal property.
  • Rate of sales and use tax due on sales of mixed beverages, wine, malt beverages, spirituous liquor, and other tangible personal property.

The 2020 business personal property listing form and instructions is for any individual(s) or business(es) owning or possessing personal property used or connected with a business or other income producing purpose on January 1.

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