North Carolina compliance at a glance
- Sales tax: 4.75% state rate. State 4.75%; combined 6.75-7.5%. Some services taxable (repair to tangible).
- Late fees: Up to 1.5% per month. (N.C. Gen. Stat. §24-1.1) Default 8%/yr; contract rates up to 16%/yr without licensing.
- Written contracts: Required for jobs over $30,000.
- Prompt-pay law: North Carolina Prompt Payment Act (N.C. Gen. Stat. §143-134.1 for public; §22C-1 for construction). Construction subs paid within 7 days of GC receiving payment; 1% per month interest if late.
North Carolina metros
- Charlotte2,805,115 residents · 0% combined tax
- Raleigh1,509,231 residents · 0% combined tax
- Greensboro789,842 residents · 0% combined tax
- Winston695,630 residents · 0% combined tax
- Durham608,879 residents · 0% combined tax
- Wilmington467,337 residents · 0% combined tax
- Asheville417,202 residents · 0% combined tax
- Fayetteville392,336 residents · 0% combined tax
- Hickory370,030 residents · 0% combined tax
- Jacksonville213,676 residents · 0% combined tax
- Burlington179,165 residents · 0% combined tax
- Greenville175,119 residents · 0% combined tax
- Rocky Mount145,383 residents · 0% combined tax
- Goldsboro118,686 residents · 0% combined tax
- Pinehurst106,898 residents · 0% combined tax