Accounts Payable/New Vendor info
The IRS requires that we obtain and maintain Form W-9 for all vendors of The City of Mount Holly. This is a request for Taxpayer Identification Number and ensures accuracy when The City issues 1099 forms at the beginning of each calendar year. The form must be completed, signed, and dated.
We as a municipality participate in the North Carolina Local Government Debt Setoff Clearinghouse. This is the recovery of any delinquent debts by offsetting debtors' North Carolina state tax refunds and Education lottery winnings. As long as the debt is $50 or more and has been delinquent 60 days the process can begin. There is NO COST to participate with the N.C. Debt Setoff Clearinghouse. Since the debtor pays all fees, there is only the effort and cost of mailing the required notification letters.
Note: North Carolina municipalities are not exempt from sales and use tax. Municipalities are exempt from federal excise tax.