Important Notice: Service Contract for a Qualified Jet Engine

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This document serves as notice that effective October 1, 2015, N.C. Gen. Stat. § 105-164.4I(b), as amended, provides the sale at retail or the storage, use, or consumption in this State of a service contract for a qualified jet engine is exempt from sales and use tax. At the time of this notice, N.C. Gen. Stat. § 105-164.3(38b) defines “service contract” as “[a] contract where the obligor under the contract agrees to maintain or repair tangible personal property or a motor vehicle. Examples of a service contract include a warranty agreement other than a manufacturer’s warranty or dealer’s warranty provided at no charge to the purchaser, an extended warranty agreement, a maintenance agreement, a repair contract, or a similar agreement or contract.”