Tax Law Changes - North Carolina Department Of Revenue - 2012 Page 30
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41information and documentation required by the Secretary. A request for a refund under
this section must be made on or after July 1, 2013, and is due before January 1, 2014.
Refunds applied for after the due date are barred. Taxes for which a refund is allowed
under this section are not an overpayment of tax and do not accrue interest as provided
in G.S. 105-241.21.
(Effective June 26, 2012 and applies to purchases of eligible property made on or after
July 1, 2012, but before July 1, 2013; HB 1015, s. 7, S.L. 12-74.)
G.S. 105-187.51B(a)(5) – Tax Imposed on Companies Located at Ports Facilities:
This is a new subdivision that imposes the 1% privilege tax with a maximum tax of
eighty dollars ($80.00) per article on a company located at a ports facility for
waterborne commerce that purchases specialized equipment to be used at the facility
to unload or process bulk cargo to make it suitable for delivery to and use by
manufacturing facilities.
(Effective July 1, 2013 and applies to purchases made on or after that date; HB 751, s.
1, S.L. 11-302.)
One-Year Sales Tax Refund for Specified Purchases by a Large Manufacturing
and Distribution Facility: For purchases of eligible property made on or after July 1,
2012, but before July 1, 2013, a large manufacturing and distribution facility is allowed a
refund of all local sales and use taxes paid and a portion of State sales and use taxes
paid on the purchases as provided in this section. The portion of the State sales and
use taxes that may be refunded is equal to the excess of the State sales and use taxes
paid over the amount that would have been due had the taxpayer been subject to tax on
the eligible property if it were mill machinery under Article 5F of Chapter 105 of the
General Statutes. A request for a refund under this section must be in writing and must
include any information and documentation required by the Secretary. A request for a
refund under this section must be made on or after July 1, 2013, and is due before
January 1, 2014. Refunds applied for after the due date are barred. Refunds allowed
under this section are not an overpayment of tax and do not accrue interest as provided
in G.S. 105-241.21.
(Effective June 24, 2011 and applies to purchases of eligible property made on or after
July 1, 2012, but before July 1, 2013; HB 751, s. 3.(b), S.L. 11-302.)
G.S. 105-187.51D – Tax Imposed on Machinery at Large Manufacturing and
Distribution Facility: This is a new section that imposes the 1% privilege tax with a
maximum tax of eighty dollars ($80.00) per article on purchases of mill machinery,
distribution machinery, or parts or accessories (an accessory is not electricity) for mill
machinery or distribution machinery for storage, use, or consumption in North Carolina
by a large manufacturing and distribution facility. For the purposes of this new section,
a 'large manufacturing and distribution facility' is a facility that is to be used primarily for
manufacturing or assembling products and distributing finished products for which the
Secretary of Commerce makes a certification that an investment of private funds of at
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