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Wednesday
Mar222017

NC Department of Revenue advises on Sales Tax law

Thanks to the NC Constuction News for the heads-up on this...

On March 17, 2017, the North Carolina Department of Revenue published an advisory notice that provides the most extensive and detailed guidance to date for the construction industry on what is, and is not, covered by the "capital improvement" and "repair, maintenance, and installation services" categories of the recently amended sales and use tax laws.  While explicitly disclaimed that it is "not specific tax advice," the chart in the bulletin breaks down various construction categories, and indicates whether activities applicable to that trade or activity are capital improvements or RMI services.  

This blog would strongly recommend bookmarking to the notice if any construction business has questions about application of the sales and use taxes in North Carolina.

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