Summer 1984
Real estate brokers and salesmen who act as agents in renting dwellings (condominiums, cottages, time shared units, etc.) to tenants for less than 90 continuous days, must (1) obtain a Merchants Certificate of Registration from the Revenue Department, (2) collect and retain in their trust accounts applicable state and local sales and use tax on monies derived from such rentals pending remittance to the Revenue Dept., and (3) maintain for at least 3 years records sufficient to determine the amount of tax liability.
For further information, contact the N. C. Department of Revenue, Sales and Use Tax Division. (919/733-3661).