GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2007

S                                                                                                                                                    D

SENATE DRS55369-MC-110  (3/13)

Short Title:     Sales Tax Exemption for Baked Goods.		(Public)
Sponsors:	Senators Kerr, and Hoyle.
Referred to:

A BILL TO BE ENTITLED

AN ACT TO ENSURE THAT ALL BREAD SOLD AT A BAKERY THRIFT STORE IS TAXED AT THE SAME SALES TAX RATE.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 105‑164.13 is amended by adding a new subdivision to read:

"(27a) Bread, rolls, and buns sold at a bakery thrift store. A 'bakery thrift store' is a retail outlet of a bakery that sells at wholesale over ninety percent (90%) of the items it makes and sells at the retail outlet day‑old bread, rolls, and buns returned to it by retailers that acquired these items from the bakery."

SECTION 2.  G.S. 105‑467(a) is amended by adding a new subdivision to read:

"(5a) The sales price of bread, rolls, and buns that are sold at a bakery thrift store and are exempt from State tax under G.S. 105‑164.13(27a)."

SECTION 3.  This act becomes effective July 1, 2007, and applies to sales made on or after that date.