Several new laws will take effect on Tuesday, July 1 in North Carolina after approval by state lawmakers and Gov. Josh Stein. These include a ban on certain vaping products, changes to automotive insurance policies, and transportation commerce tax.
Here’s a look at a few and what they mean for North Carolinians.
Vape ban Then-Gov. Roy Cooper signed a bill regulating the access of “alternative nicotine products” for youth during the North Carolina General Assembly’s previous session.
The regulation’s wording specifically targets products that aren’t approved by the Food and Drug Administration, describing alternative nicotine products as ones containing nicotine but not tobacco, and is intended for human consumption.
The law technically went into effect on May 1, but includes a 60-day grace period that provides retailers a period of adjustment after the Department of Revenue publishes the name of a vape products on its Vapor Certification Directory outlining what products are approved for sale (see page 8). Several were certified May 1 while others were not certified until May 29. It is unlawful for stores to sell products that don’t appear on the list.
There is, however, a loophole. Companies are able to apply for premarket approval and sell their items prior to receiving a decision from the FDA.
Automobile insurance policies North Carolina drivers could see increased insurance premiums due to policy changes taking effect on Tuesday.
At the moment, insurance policies are required to cover minimum liability limits of $30,000 per person and $60,000 per accident for bodily injury, as well as $25,000 per accident for property damage, according to the North Carolina Department of Insurance.
A new law will require an increase in minimum limits of $50,000 per person and $100,000 per accident. The minimum limits for property damage will go up to $50,000.
There will also be an inexperienced operator surcharge for drivers with less than eight years of experience, a raise from the current standard of less than three years of experience. This will only apply to drivers who are first licensed on or after July 1.
The surcharges for years four through eight will be less than surcharges for years one through three, and the new surcharges will gradually lower as the years of driving experience increase.
Transportation commerce tax North Carolina residents can expect higher bills on ride share services and taxis.
A new law implements transportation commerce tax, which is placed on the gross receipts from for-hire ground transport service, according to the North Carolina Department of Revenue. This includes the trip fare, booking fees, surcharges, fuel charges, cleaning fees, and wait time fees.
The tax is due as long as the passenger boards the vehicle, regardless of if the service is completed.
Exclusive ride services — one where an individual or group requests a ride to a destination without being matched with other passengers by the transportation network company, which would result in a single fare paid by the party — would charge a 1.5% tax rate while there’s a 1% tax rate for shared ride services.
For shared ride services, the transportation network company would connect a passenger with another passenger along the planned route. Each separate rider or party would pay a separate fare.
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