NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

CHAPTER 201

HOUSE BILL 408

AN ACT TO EXEMPT FROM SALES TAX PERSONAL PROPERTY OF CONTRACTORS DESTINED FOR USE IN A FOREIGN COUNTRY.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 105-164.13 is hereby amended by adding a new subdivision as follows:

"(32)    Personal property purchased by a contractor from a North Carolina vendor for export to a foreign country for exclusive use and consumption in that foreign country and not to be returned to this State, shall be exempt from the tax levied under this subdivision, if such property is exported within 90 days of purchase.

      The purpose of the above clause is to encourage the flow of commerce through North Carolina ports that is now moving through out-of-State ports."

Sec. 2.  This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 26th day of March, 1979.