It’s no wonder racers are moving to North Carolina in droves…read below…
[B]A new North Carolina State Law has been enacted (Thanks, NCMA!) allowing race teams to claim a refund for 50% of all sales tax paid on certain property of raceteams. Some of the items include bumpers, chassis, engines, seats, sheet metal, steering wheels, transmissions, wheels, and more. You use ‘em, you paid the taxes, now get some of your money back! For complete details, and a refund form tag below…
E-585S form Incentive claims refund form
NCMA - TAX BULLETIN
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