Department Of Revenue Posts New Sales Tax Information For Sale of Aircraft PDF Print E-mail
State Government
By Administrator   
Friday, 09 October 2015 05:15

RALEIGH, (SGRToday.com) - The sales tax rate increase for aircraft has increased as of October 1. New information has been posted on the website of the state Department of Revenue.

From the posting:

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Effective October 1, 2015, the sales price of an aircraft sold at retail is subject to the 4.75% general State rate of tax with a maximum tax per article of $2,500.  The sales price of an aircraft includes all accessories  attached  to  the  aircraft  when  it is  delivered  to  the  purchaser.
 
N.C.  Gen.  Stat.  §  105-467(a)  has  also  been  amended  to  provide  that  the  sale  of  an  aircraft is not subject  to  the  local  and transit rates of sales and use tax.

More details can be found at dornc.com.
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