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The NC sales tax rate change from 6.75% to 6.5% was effective on July 1, 2007.
The NC sales tax rate was changed in order to provide tax relief for consumers and stimulate economic growth.
Most tangible personal property, digital property, and services are subject to the NC sales tax rate change. However, there are some exemptions and special tax rates for certain items, such as groceries and prescription drugs.
Businesses are responsible for collecting and remitting the correct sales tax rate to the state. They must update their systems and inform their customers of the change in order to comply with the new rate.
The NC sales tax rate is subject to change based on legislation and economic conditions. It is important for businesses and consumers to stay informed about any potential changes in order to properly prepare and budget for them.