Important Notice: Sales and Use Tax Semimonthly Payers

This document serves as notice that the 2006 General Assembly amended G.S. 105-164.16, effective October 1, 2007, to provide that a taxpayer who is consistently liable for at least $10,000.00 a month in State and local sales and use taxes must make a monthly prepayment of the next month’s tax liability. The prepayment is due on the date a monthly return is due. Therefore, beginning with the return for the month of October 2007, a taxpayer currently paying on a semimonthly basis will be required to include a prepayment for the next period when filing the monthly return and remitting the tax due.