N.C. Lawmakers Consider Slashing Nonprofits' Sales-Tax Break - The Chronicle of Philanthropy: "The North Carolina Senate is weighing legislation that would reduce the amount of sales tax nonprofits can annually recoup from the state from tens of millions of dollars to tens of thousands, The Times-News of Burlington, N.C., reports. Under current law nonprofits can be refunded up to $31.7 million a year in state sales-tax payments; Senate Bill 700 would set the cap at $70,370 and also dramatically cut refunds for local sales taxes."
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