Custom Software – L. 2013, S490 (c. 259), effective for taxes imposed for taxable years beginning on or after 07/01/2014, clarifies that the exclusion for custom software and any documentation related to the computer software includes development of software or any modifications to software, whether done internally by the taxpayer or externally by a third party, to meet the customer’s specified needs.
New Tag & Tax Together System – The North Carolina Department of Revenue has announced its new “Tag &Tax Together” system, which is designed to pay annual vehicle tag renewals and vehicle property taxes at the same time.
Taxpayers whose addresses are current with the North Carolina Division of Motor Vehicles will receive a Tag & Tax Notice listing both vehicle registration fees and taxes due combined into one total amount due. Prior to this change, vehicle registration fees and vehicle property taxes have been billed and paid separately. (Tag & Tax Together Project, N.C. Dept. of Rev., 06/28/2013.)