North Carolina (November 2015)
On September 30, 2015, Gov. Pat McCrory signed the North Carolina Competes Act that, among other provisions, enacts: (1) a sales and use tax exemption for sales of electricity and support equipment used at qualifying datacenters; (2) sales and use tax provisions relative to aviation; (3) a sales and use tax exemption for motor vehicle service contracts; and (4) an extension of sales tax preferences for motorsports teams. In addition, the legislation enacts compliance measures applicable to statewide taxes except motor fuel taxes.
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