Important Notice: Certain Recyclers

This document serves as notice that on July 14, 2016, the Governor signed Session Laws 2016-94. The Session Laws enact N.C. Gen. Stat. § 105-187.51B(a)(6) that provides, effective July 1, 2016, a privilege tax is imposed on certain purchases by a person, other than a major recycling facility as defined in N.C. Gen. Stat. § 105-129.25 and subject to tax under N.C. Gen. Stat. § 105-187.51B(a)(1), “that gathers and obtains ferrous metals, nonferrous metals, and items that have served their original economic purpose and that converts them by processes, including sorting, cutting, classifying, cleaning, baling, wrapping, shredding, or shearing into a new or different product for sale consisting of prepared grades.”