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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 20101) State general tax rate temporary increase, effective 2009 September 1The 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: 2) State and local tax rates change, effective 2009 October 1General State tax rate in North Carolina increases from 5.5% to 5.75%. The local county tax rate will be: 3) Zero tax for electricity sold to farmers and manufacturers, effective 2010 July 1Tax 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 1For 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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