North Carolina S356 refunds local sales and use taxes to the Global Transpark Authority.
North Carolina S356 amends the state's sales tax refund process to ensure the North Carolina Global Transpark Authority receives refunds for local sales and use taxes it pays indirectly. This change exempts the Authority from certain general laws, specifically allowing the Secretary of Revenue to credit these tax refunds back to the Authority. The act takes effect immediately upon becoming law, applying to tax refunds for the first full quarter after enactment.
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