Department of Revenue Exemption Revisions Update

— Written By

The NC Department of Revenue has released its official notice and application forms relating to the recent revisions to North Carolina’s agriculture sales tax exemptions. Links to the notice and forms appear below. Farmers may also obtain this information by visiting www.dornc.com.

Background

Every farmer who has a current agriculture exemption certificate and has $10,000 or more in annual gross farm income in the past tax year or a three-year average of $10,000 or more in annual gross farm income must apply for a new qualifying farmer exemption certificiate.  Farmers who fit into this category should complete a Form E-595QF as quickly as possible to ensure they have the new certificate before October 1, 2014.

Farmers who are ineligible for the new qualifying farmer exemption certificate may obtain a conditional farmer exemption certificate by completing and submitting Form E-595CF. The conditional farmer exemption certificate is valid for three years, provided the certificate holder annually submits federal and state tax documents that demonstrate the holder is engaged in farming activities.

Notice & Forms

Notice: http://dornc.com/taxes/sales/impnotice062514_2.pdf

Qualifying Farmer Form: http://dornc.com/downloads/e595qf.pdf

Conditional Farmer Form: http://dornc.com/downloads/e595cf.pdf

Written By

Photo of Jane DuncanJane DuncanCounty Extension Administrative Assistant (704) 878-3166 jane_duncan@ncsu.eduIredell County, North Carolina
Posted on Jun 26, 2014
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