As title indicates. Amends GS 105-275(40) (Property classified and excluded from the tax base), deleting GS 105-275(40)b, which provided that the exclusion does not apply to software purchased or licensed from an unrelated person that is capitalized in the taxpayer's books. Also deletes language referencing embedded software as it relates to software that is not included in the exclusion.
Effective for taxes imposed for taxable years beginning on or after July 1, 2013.
CORRECT TAXATION OF COMPUTER SOFTWARE.
Printer-friendly: Click to view
View NCGA Bill Details | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT TO CORRECT ERRORS IN CALCULATING PROPERTY TAX LIABILITY ON COMPUTER SOFTWARE.Intro. by J. Bell, Hager, Lewis, T. Moore.
Status: Re-ref Com On Finance (House Action) (Apr 1 2013)
Bill History:
-
Wed, 27 Mar 2013 House: Filed
-
Thu, 28 Mar 2013 House: Passed 1st Reading
-
Mon, 1 Apr 2013 House: Withdrawn From Com
-
Mon, 1 Apr 2013 House: Re-ref Com On Finance
H 453
Bill Summaries:
-
Bill H 453 (2013-2014)Summary date: Mar 27 2013 - View Summary
View: All Summaries for Bill
Identical to S 490, filed 3/27/13.