HB 898

GS 105-164.13 provides exemptions and exclusions to retail and sales use tax as part of the North Carolina Sales and Use Tax Act. Adds a new subdivision (5r) to GS 105-164.13, exempting from retail and sales use tax any equipment, parts, accessories, and other tangible personal property used in the business of providing internet service access sold to an internet service provider (ISP) or the contractor of an ISP. Provides examples of what is included within the scope of the bill, such as sales of electricity to power the tangible personal property exempt under the bill. Effective July 1, 2025 and applies to sales made on or after that date.