Tax & Other Cost Savings

About this opportunity

North Carolina offers a variety of ways to reduce business taxes and other costs. North Carolina offers a variety of ways to reduce business taxes and other costs, each tailored to specific situations that may apply to your company. Mill machinery, a term that generally includes manufacturing machinery, is exempt from sales and use tax. For a list of items that are classified as mill machinery, please see the North Carolina Department of Revenue’s Sales and Use Tax Technical guides.. North Carolina does not levy a sales and use tax on repairs to industrial machinery or service contracts for mill machinery. Retail sales, as well as the use, storage or consumption of electricity, fuel and piped natural gas sold to a manufacturer are exempt from sales and use tax for use in a manufacturing op...