TAX NEWS - January 2010

Sales/Use Tax - North Carolina:
Department discusses taxation of electronically-delivered/accessed digital property

Important Notice: Certain Digital Property Subject to Sales and Use Tax, N.C. Dept. of Rev. (12/9/09). The department discusses legislation enacted during 2009 [S.B. 202], which imposes a privilege tax at the general 5.75% state and applicable local rates on the net taxable sales or gross receipts derived from certain electronically-delivered/accessed digital property.

Digital property includes audio and audiovisual works, books, magazines, newspapers, photographs, and greeting cards.