Message:

<p>[QUOTE=&quot;-jeffB, post: 2807169, member: 27832&quot;]Here&#039;s the text of the Session Law itself:</p><p><br /></p><p><br /></p><p><a href="http://ncleg.net/EnactedLegislation/SessionLaws/HTML/2017-2018/SL2017-181.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://ncleg.net/EnactedLegislation/SessionLaws/HTML/2017-2018/SL2017-181.html" rel="nofollow">http://ncleg.net/EnactedLegislation/SessionLaws/HTML/2017-2018/SL2017-181.html</a></p><p><br /></p><p><b>GENERAL ASSEMBLY OF NORTH CAROLINA</b></p><p><br /></p><p><b>SESSION 2017</b></p><p><br /></p><p><br /></p><p><b>SESSION LAW 2017-181</b></p><p><br /></p><p><b>HOUSE BILL 434</b></p><p><br /></p><p><br /></p><p><br /></p><p>AN ACT TO EXEMPT RARE COINS, PAPER CURRENCY, AND PRECIOUS METALS SALES FROM SALES TAX.</p><p><br /></p><p><br /></p><p><br /></p><p>The General Assembly of North Carolina enacts:</p><p><br /></p><p><br /></p><p><br /></p><p><b>SECTION 1.</b>&nbsp; G.S. 105‑164.13 is amended by adding a new subdivision to read:</p><p><br /></p><p>&quot;<u>(69)</u> <u>Sales of non‑coin currency, investment metal bullion, and investment coins. For purposes of this subdivision, the following definitions apply:</u></p><p><br /></p><p><u>a.</u> <u>Investment coins. – Numismatic coins or other forms of money and legal tender manufactured of metal under the laws of the United States or any foreign nation with a fair market value greater than any statutory or nominal value of such coins.</u></p><p><br /></p><p><u>b.</u> <u>Investment metal bullion. – Any elementary precious metal that has been put through a process of smelting or refining and that is in such state or condition that its value depends upon its content and not upon its form. The term does not include fabricated precious metal that has been processed or manufactured for one or more specific and customary industrial, professional, or artistic uses.</u></p><p><br /></p><p><u>c.</u> <u>Non‑coin currency. – Forms of money and legal tender manufactured of a material other than metal under the laws of the United States or any foreign nation with a fair market value greater than any statutory or nominal value of such currency.</u>&quot;</p><p><br /></p><p><b>SECTION 2.</b>&nbsp; This act becomes effective July 1, 2017, and applies to sales made on or after that date.</p><p><br /></p><p>In the General Assembly read three times and ratified this the 28th day of June, 2017.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>&nbsp; s/&nbsp; Daniel J. Forest</p><p><br /></p><p>&nbsp;&nbsp; President of the Senate</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>&nbsp; s/&nbsp; Tim Moore</p><p><br /></p><p>&nbsp;&nbsp; Speaker of the House of Representatives</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>&nbsp; s/&nbsp; Roy Cooper</p><p><br /></p><p>&nbsp;&nbsp; Governor</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Approved 12:02 p.m. this 25th day of July, 2017[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in