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Tobacco manufacturers and distributors have long made refund/rebate payments to retailers for the retailer’s purchase of cigarettes and other tobacco products from the manufacturer, provided the retailer reduces the price of the cigarettes and other tobacco products sold to the retailer’s customers.
In 2020, the South Carolina Department of Revenue issued SC Revenue Ruling #20-3 (“Buydowns – Tobacco Company Payments to Retailers”), and related Information Letter #20-35, administratively determining that these “buydown” payments from the manufacturer/distributer should be subject to South Carolina sales tax when received by the retailer.
NOTE: WRAL TechWire’s interactive calendar is currently down due to technical issues. Accordingly, we won’t be adding new events for the time being. In the meantime, the following list includes links to the individual event pages/sites so readers can find out more and RSVP directly with event organizers.
WRAL TechWire keeps tabs on the latest and greatest meetups, panels, workshops, conferences, application deadlines and all things happening in the North Carolina startup/tech world. “The Headliners” is a multi-part weekly roundup of upcoming events in the local business/tech community.
Following is a list of May events in Raleigh, Durham, Chapel Hill and the greater Triangle area. To find out what’s happening this month in cities outside of the Triangle, check out part two of the “Headliners” column. Another post highlights events coming up in June.
NOTE: WRAL TechWire’s interactive calendar is currently down due to technical issues. Accordingly, we won’t be adding new events for the time being. In the meantime, the following list includes links to the individual event pages/sites so readers can find out more and RSVP directly with event organizers.
Here’s our exclusive wrapup of upcoming events happening across North Carolina in May. Included are the latest meetups, conferences, workshops, application deadlines and networking events happening in Asheville, Charlotte, the Triad, Wilmington and other parts of the state.
This post is part of our weekly column of upcoming events, along with our comprehensive resource guide for startups in the Triangle. To find out what’s happening this month in the Triangle specifically, check out part one of this week’s column. Another post previews June events.
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Legislative committees cranked into high gear this week as each chamber pushed to have its bills heard before the May 13 crossover deadline, the date that bills must pass from one chamber to the other to remain eligible for the rest of the biennium. The next two weeks are expected to be very busy, with the fate of many bills yet to be decided.
While the Senate continues to work on its budget proposal, it is somewhat limited in its decision-making because it has not agreed on spending targets with the House. The state has a large amount of non-recurring money to spend this year, leading to challenging decisions regarding how to appropriate these funds.
Plenty of technology and life science events and deadlines are on tap for May. If you're interested in events coming up in the immediate future, check out our