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Home > Tax News > September 2009

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TAX NEWS - SEPTEMber 2009

North Carolina tax rates: North Carolina Department of Revenue Announced New Sales and Use Tax Rates for 2009 and 2010

North Carolina Department of Revenue announced new sales and use tax rates, effective 2009 and 2010.

1) State general tax rate temporary increase, effective 2009 September 1

The general State tax rate in North Carolina is increased from 4.5% to 5.5%. The 5.5% tax rate will expire on 2011 July 1. Combined State and local sales and use tax rate is now:
- 7.75% in most counties of North Carolina,
- 8% in Alexander, Catawba, Cumberland, Haywood, Martin, Pitt, Sampson, and Surry Counties, and
- 8.25% in Mecklenburg County.
 

2) State and local tax rates change, effective 2009 October 1

General State tax rate in North Carolina increases from 5.5% to 5.75%. The local county tax rate will be:
- 2% in most counties,
- 2.25% in Alexander, Catawba, Cumberland, Haywood, Martin, Pitt, Sampson, and Surry
- Mecklenburg county to have an extra 0.5% Public Transportation tax rate.

The combined State and local tax rate will be the same as above:
- 7.75% in most counties
- 8% in Alexander, Catawba, Cumberland, Haywood, Martin, Pitt, Sampson, and Surry Counties, and
- 8.25% in Mecklenburg County.
 

3) Zero tax for electricity sold to farmers and manufacturers, effective 2010 July 1

Tax rate on electricity when sold to a farmer to be used for farming purposes, or to a manufacturer to be used on operating of industries or manufacturing plants is now cut down to zero. The previous tax rate was 0.8%.
 

4) Privilege tax on fuel will have a  zero tax rate, effective 2010 July 1

For manufacturing industry or manufacturing plants obtaining fuel (exept piped natural gas and electricity), the tax rate is cut down from 0.3% to zero.


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