Nonprofit sales tax exemption

A NC Senate bill (S.441) would exempt most North Carolina nonprofits from paying sales and use tax when they purchase goods and services. Currently, nonprofits pay sales tax on their purchases and can apply to the NC Department of Revenue for semi-annual refunds of the taxes they pay. This refund process creates unnecessary red tape and cash-flow issues for nonprofits. A point-of-sale exemption from sales tax would fix these problems.