If your agricultural business has been granted a Certified Tax Exemption by the North Carolina Department of Revenue, you may be eligible for a valuable benefit—sales-tax exemption on electricity used for farming and manufacturing purposes.
The sales-tax exemption applies specifically to electricity used directly in agricultural production. This encompasses a wide array of activities, from powering irrigation systems to lighting for greenhouse cultivation. By leveraging this exemption, your farm can enjoy cost savings that contribute to the overall financial health of your operation.
If you haven’t already obtained your tax exemption forms, we encourage you to explore the application process with the NC Department of Revenue. This unique identifier not only facilitates sales-tax exemption on electricity but also streamlines various other agricultural benefits.
To qualify, your business must meet the criteria set by the Department of Revenue. Typically, this involves engaging in activities classified as agricultural production and demonstrating compliance with relevant regulations. Once approved, you’ll be on your way to reaping the rewards of tax savings.
For those who already have a tax-exempt form on file, remember to update it annually to ensure continued