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The 2017 legislative session brought many changes to the Revenue laws and the North Carolina Department of Revenue. These changes are detailed in the 2017 Tax Law Changes by taxing schedule and General Statute.

2017 Revenue Law Changes

Effective January 1, 2018, all corporate annual reports must be filed directly with the Secretary of State's Office.

Prior to the law change, corporations could file their North Carolina income tax returns and North Carolina annual reports together with the N. C. Department of Revenue. In 2018, corporations must file their annual reports directly with the Secretary of State, and can no longer file them with the N. C. Department of Revenue as part of their income tax filings.

The motor fuels and alternative fuels tax rate for 2018 will increase from 34.3 cents per gallon to 35.1 cents per gallon.

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Form E-505 is revised and is available on the Department’s website. The minor revision is to properly reflect the defined term “Mixed Service Contract” at the bottom of page six to correspond with the term enacted by the 2017 Session of the General Assembly.

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The N.C. Department of Revenue launched its redesigned website on Thursday, Dec. 7. The new site is easier to navigate and more accessible for taxpayers and the public. It is also the first step in an upgrade of the agency’s electronic services.

[video:https://youtu.be/GesoNQ8w-rU]

Here are the key things you need to know about the redesigned website:

The NCDOR shall take no action to assess any tax due for a filing period beginning on or after March 1, 2016, and ending before January 1, 2018, if one or more specific conditions apply and the retailer did not receive specific written advice from the Secretary of Revenue for the transactions at issue for the laws in effect for the applicable periods.

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Sales and Use Tax

Effective June 29, the ABC Control Commission must confirm that brewery and distillery permit holders are in tax compliance with the NCDOR.

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Alcoholic Beverage Tax

Information applies to employers, pension payers, and others that withhold North Carolina income tax.

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The changes include updating statutory references and certain comments within the Taxability Matrix.

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Sales and Use Tax

The Form E-505 provides an overview of sales and privilege tax changes primarily enacted by the 2017 General Assembly.

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Sales and Use Tax