Posted 3 December, 2009 in NC News
Information provided by Cast and Crew.
Effective October 1, 2009, the Department of Revenue has amended the regulations to provide that the following are exempt from sales and use tax: sales to motion picture firms of cameras, film and props or building materials used in the construction of sets that are used in the actual filming of movies for sales, lease or rental; and sales of chemicals and eqipment used to develop and edit film that is used to produce release prints. Previously, the regulation provided that such sales were taxable at the rate of 1%.
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