North Carolina § 105-468 - 1. Certain building materials exempt from sales and use taxes.

§ 105-468. 1. Certain building materials exempt from sales and use taxes.

The provisions of this Article shall not be applicable with respect to any items purchased for the purpose of fulfilling a real property contract for a capital improvement entered into or awarded, or entered into or awarded pursuant to any bid made, before the effective date of the tax imposed by a taxing county when, absent the provisions of this section, the items would otherwise be subject to tax under the provisions of this Article. History (1971, c. 77, s. 3; 2017-204, s. 2.4(e); 2019-169, s. 3.3(u).) Editor's Note. - Session Laws 2017-204, s. 2.13, provides: "Except as otherwise provided, Sections 2.1 through 2.8 of this part become effective retroactively to January 1, 2017, and apply to sales and purchases made on or after that date. Any amendments made in Sections 2.1 through 2.8 of this part that increase sales or use tax liability are effective when this act becomes law. The remainder of this part is effective when it becomes law." Session Laws 2017-204, s. 7.1, is a severability clause. Effect of Amendments. - Session Laws 2017-204, s. 2.4(e), substituted "any tangible personal property or digital property" for "any building materials," "a real property contract for a capital improvement" for "any lump sum or unit price contract," and "such property" for "such building materials." For effective date and applicability, see editor's note. Session Laws 2019-169, s. 3.3(u), effective July 26, 2019, substituted "items" for "tangible personal property or digital property" near the beginning; and substituted "the items" for "such property" near the end.