*Red font in the legislation and regulation indicates changes from previous reporting

NORTH CAROLINA -- regarding state tax exemptions and grace periods on sales tax collection that apply to waterslides and pools.

Issue:  SB 99 – Current Operations Appropriations act of 2018

Affects:  Those who provide service contracts for pools and those with public use waterslides.

Send comments to:  Jennifer Hatfield, jhatfield@apsp.org

Bill Summary:  This piece of legislation is the Appropriations Act for 2018 for the State and was an omnibus bill that included aspects of tax legislation found in SB 715 and HB 975; pieces of legislation APSP was previously following based on its effect on the pool and spa industry.  In regards to pool and spa industry, the final measure (SB 99) exempts amusement rides, including waterslides from taxes imposed on entertainment activities (page 243).  The measure also extends the grace period for individuals who failed to collect sales tax on the retail sale of a service contract for a pool, a fish tank, or similar aquatic feature on or after January 1, 2017, and prior to January 1, 2018, provided the person paid tax on any purchases used to fulfill the service contract. The new grace period is January 1, 2017 to January 1, 2019 (page 248).

Status:  Passed Senate 5/31/2018. Passed House; sent to Governor Roy Cooper (D) 6/1/2018. Vetoed 6/6/2018. Veto Overridden in Senate 6/7/2018. Veto overridden in House; enacted with Governor's signature 6/12/2018.

View final legislation:https://www.ncleg.net/Applications/BillLookUp/LoadBillDocument.aspx?SessionCode=2017&DocNum=6232&SeqNum=0