The Secretary may establish a performance standard for a seller that is engaged in business in this State and at least 10 other states and has developed a proprietary system to determine the amount of sales and use taxes due on transactions. A seller that enters into an agreement with the Secretary that establishes a performance standard for that system is liable for the failure of the system to meet the performance standard.
N.C. Gen. Stat. § 105-164.42J
Performance standard for multistate seller
Known as the North Carolina Sales and Use Tax Act
The act spans §§ 105-164.1 to 105-182 (84 sections).
2001-347, s. 1.3; 2005-276, s. 33.31.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.