Increases gross receipts threshold for artisanal bakeries exempt from sales tax in North Carolina.
This bill modifies the North Carolina sales tax exemption for artisanal bakeries by raising the gross receipts threshold from $1.8 million to $2.4 million. This change exempts more bakeries from the sales tax, provided they meet the criteria of deriving over 80% of their gross receipts from bakery items. The bill also clarifies the definition of bakery items and related persons. It becomes effective October 1, 2025, and applies to sales made on or after that date.
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