Government

NC Transportation Commerce Tax goes into effect on July 1

By Staff Report, posted 1 year ago

The N.C. Department of Revenue (NCDOR) will begin administering the new Transportation Commerce Tax later this year. The tax will apply to ride services provided by taxis and transportation network companies beginning on July 1, 2025. The tax was passed in Session Law 2023-134.

Additional details about the tax include:

  • Taxpayers (taxis or transportation network companies) will collect the tax from their customers beginning on July 1, 2025.
  • Taxpayers must file Transportation Commerce Tax returns and pay the taxes directly to the NCDOR.
  • Taxpayers must register with the NCDOR prior to July 1, 2025. They can find registration information at ncdor.gov
  • The tax rates are 1.5 percent of the gross receipts for exclusive-ride service and 1.0 percent of the gross receipts for shared-ride service.

The NCDOR’s website, ncdor.gov, provides registration information, frequently asked questions, and other information about the new tax.

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Bearded soldier to brand manager: Chad Kraken's journey to building his business empire

The KRAKEN-SKULLS brand includes a barbershop, a tattoo shop, a T-shirt company, an embroidery company, a website design company, a media marketing and graphic design company and an auto shop. Photos by GFBJ.When Chad Kraken retired from the military


From agritourism to event spaces: How Fred and Anita Surgeon prioritize people in business

Fred Surgeon, with the support of his wife Anita, owns and operates Surgeon &Associates, Inc, a family of businesses with everything from agritourism, pestcontrol, cleaning services and behavioral health services. Photos provided by Fred Surgeon.


Award-winning acquisition: Coldwell Banker Advantage team celebrates nationwide awards with new leadership

Agents and leadership from Coldwell Banker Advantage and Coldwell Banker Sea Coast Advantage gathered to celebrate one of their own as she was recognized with two national achievements. A new C-Suite leader was also in attendance.