Holders of Conditional Sales Tax Exemptions, such as Beginning Farmers,  have a reporting obligation to provide copies of their Federal Schedule F or farm business tax returns to maintain the conditional Sales Tax exemption. Recently the NC Department of Revenue sent letters to remind these persons of this requirement. The due date for the applicable tax forms is 90 days after the close of the tax year; e.g. March 31, 20xx for calendar year taxpayers.

The webpage below has more details regarding this obligation.

http://www.dornc.com/taxes/sales/impnotice032015_farmerexempt.pdf