NCDOR Publishes a Notice on Transition Issues Relating to Sales and Use Tax Law Changes

The N.C. Department of Revenue has published Important Notice: Transition Issues Relative to Sales and Use Tax Law Changes with Respect to Real Property Contracts; Repair, Maintenance, and Installation Services to Real Property, and Other Items. In conjunction with the transition notice, Form E-589K, Affidavit for a Purchase or Transaction for Certain Lump-Sum or Unit-Price Contracts (March 1, 2016 – December 31, 2016) has been created. The E-589K is to be executed only for a purchase or transaction to fulfill a lump-sum or unit-price contract entered into or awarded on or after March 1, 2016 and prior to January 1, 2017, or entered into or awarded pursuant to a bid made on or after March 1, 2016 and prior to January 1, 2017.