Agenda - 09-20-2022; 8-b - Acceptance of NC Agriculture Development and Farmland Preservation Trust Fund Grant

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64 NC Office of the State Controller Substitute W-9 Instructions Page 2 The following chart shows types of payments that may be exempt from backup withholding.The chart applies to the exempt payees listed above,1 through 13. If the payment is for... THEN the payment is exempt for... Interest and dividend payments All exempt payees except for 7 Broker transactions Exempt payees 1 through 4 and 6 through 11 and all C corporations.S corporations must not enter an exempt payee code because they are exempt only for sales of noncovered securities acquired prior to 2012. Barter exchange transactions and patronage Exempt payees 1 through 4 dividends Payments over$600 required to be reported and Generally,exempt payees 1 through 5' direct sales over$5,000' Payments made in settlement of payment card Exempt payees 1 through 4 or third party network transactions 'See Form 1099-MISC,Miscellaneous Income,and its instructions. Z However,the following payments made to a corporation and reportable on Form 1099-MISC are not exempt from backup withholding:medical and health care payments,attorneys'fees,gross proceeds paid to an attorney,and payments for services paid by a federal executive agency. Exemption from FATCA reporting code.The following codes identify payees that are exempt from reporting under FATCA.These codes apply to persons submitting this form for accounts maintained outside of the United States by certain foreign financial institutions.Therefore,if you are only submitting this form for an account you hold in the United States,you may leave this field blank.Consult with the person requesting this form if you are uncertain if the financial institution is subject to these requirements. A-An organization exempt from tax under section 501(a)or any individual retirement plan as defined in section 7701(a)(37) B-The United States or any of its agencies or instrumentalities C-A state,the District of Columbia,a possession of the United States,or any of their political subdivisions or instrumentalities D-A corporation the stock of which is regularly traded on one or more established securities markets,as described in Reg.section 1.1472-1(c)(1)(i) E-A corporation that is a member of the same expanded affiliated group as a corporation described in Reg.section 1.1472-1(c)(1)(i) F-A dealer in securities,commodities,or derivative financial instruments(including notional principal contracts,futures,forwards,and options)that is registered as such under the laws of the United States or any state G-A real estate investment trust H-A regulated investment company as defined in section 851 or an entity registered at all times during the tax year under the Investment Company Act of 1940 1-A common trust fund as defined in section 584(a) J-A bank as defined in section 581 K-A broker L-A trust exempt from tax under section 664 or described in section 4947(a)(1) M-A tax exempt trust under a section 403(b)plan or section 457(g)plan Section 2-Certification To establish to the paying agency that your TIN is correct,you are not subject to backup withholding,or you are a U.S.person,or resident alien,sign the certification on NC Substitute Form W-9.You are being requested to sign by the State of North Carolina. For additional information please refer to the IRS Form W-9 located on the IRS Website(https://www.irs.gov/).