GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

H	1 

HOUSE BILL 1374

Short Title:  Clarify Sales Tax on Utilities.	(Public)

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Sponsors: Representative Miller.

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Referred to:  Finance.

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April 29, 1999

A BILL TO BE ENTITLED
AN ACT TO CLARIFY THE DEFINITION OF "UTILITY”FOR SALES TAX PURPOSES.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-164.3(25) reads as rewritten:
"(25)	‘Utility' means any of the following:
a.	A business entity that provides local, toll, or private telecommunications service as defined by G.S. 105-120(e).
b.	A business entity or a municipality that sells electric power."
Section 2.  G.S. 105-164.13 is amended by adding a new subdivision to read:
"(46)	Sales of electricity by a municipality whose only wholesale supplier of electric power is a federal agency and who is required by a contract with that federal agency to make payments in lieu of taxes."
Section 3.  This act becomes effective July 1, 1999.