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Important Notice: Rate Change for Gross Receipts Derived from Sales of Electricity

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This document serves as notice that effective July 1, 2014, N.C. Gen. Stat. § 105-164.4(a)(9) imposes the 7.00% combined general rate of sales and use tax on the gross receipts derived from sales of electricity billed on or after July 1, 2014. N.C. Gen. Stat. § 105-164.4(a)(4a), which imposes the 3.00% rate of sales and use tax on the gross receipts derived from sales of electricity other than electricity subject to tax under another subdivision of N.C. Gen. Stat. § 105-164.4(a), is repealed except for gross receipts derived from sales of electricity billed prior to July 1, 2014.