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North Carolina Administrative Code Title 17 — Revenue

17 NCAC 07B .0120

Transferee Liability

Official textreports.oah.state.nc.us

The Secretary of Revenue may not assert a transferee liability against the purchaser of a business for sales and use taxes incurred by anyone further removed along the chain of registration than the purchaser's immediate predecessor, unless the Department can trace its lien against specific property down through the ensuing chain of title.

Last amended: Authority G.S. 105-164.38; 105-262; Eff. February 1, 1976; Amended Eff. January 1, 1982; Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. May 25, 2019.

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In this chapter (40 sections)
  1. 17-07a-0103 · Divisional Organization
  2. 17-07b-0101 · Imposition Of And Liability For Collecting And Remitting…
  3. 17-07b-0102 · Definitions
  4. 17-07b-0103 · Licenses Required
  5. 17-07b-0104 · Registration And Returns
  6. 17-07b-0105 · Measure Of Tax Due
  7. 17-07b-0106 · Certificates Of Exemption: Sales For Resale
  8. 17-07b-0107 · Records Required To Be Kept
  9. 17-07b-0108 · Trade Discounts And Cash Discounts
  10. 17-07b-0109 · Application Of Tax To Fish Bait
  11. 17-07b-0110 · Charter Boat Operators
  12. 17-07b-0111 · Stamps, Coins, Etc.
  13. 17-07b-0112 · Occasional And Isolated Sales
  14. 17-07b-0113 · Auctioneers And Auction Sales
  15. 17-07b-0114 · Blind Merchants
  16. 17-07b-0115 · Research Services
  17. 17-07b-0116 · Computer Software
  18. 17-07b-0117 · Property Transfers Between Divisions
  19. 17-07b-0118 · Change In Ownership
  20. 17-07b-0119 · Interest On Assessments
  21. 17-07b-0120 · Transferee Liability
  22. 17-07b-0121 · Bankrupt'S Liability
  23. 17-07b-0122 · Coupons
  24. 17-07b-0123 · Commercial Fishermen – Certificate Of Exemption
  25. 17-07b-0124 · Erroneous Information
  26. 17-07b-0125 · Flea Markets
  27. 17-07b-0126 · Holy Bibles
  28. 17-07b-0201 · Tax On Manufacturing And Processing Machinery
  29. 17-07b-0202 · Classification Of Manufacturing Activities
  30. 17-07b-0203 · Exempt Sales To Manufacturers
  31. 17-07b-0204 · Fuel
  32. 17-07b-0205 · Buildings And Structures
  33. 17-07b-0206 · Sales By Manufacturers
  34. 17-07b-0207 · Purchases By Manufacturers
  35. 17-07b-0301 · Mill Machinery
  36. 17-07b-0302 · Items Not Mill Machinery
  37. 17-07b-0401 · Specific Industries: Classifications
  38. 17-07b-0402 · Furniture Factories
  39. 17-07b-0403 · Bottling Plants
  40. 17-07b-0404 · Electric Power Companies
Full table of contents →