EXPAND 1%/$80 EXCISE TAX FOR PORTS EQUIP.

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View NCGA Bill Details2015-2016 Session
Senate Bill 832 (Public) Filed Tuesday, May 10, 2016
AN ACT TO EXPAND THE 1%/$80 EXCISE TAX PROVISION FOR A COMPANY LOCATED AT A PORTS FACILITY TO INCLUDE PARTS, ACCESSORIES, AND ATTACHMENTS USED TO MAINTAIN, REPAIR, OR REPLACE MACHINERY AND EQUIPMENT USED TO UNLOAD OR PROCESS CARGO.
Intro. by Rabon.
Status: Re-ref Com On Rules, Calendar, and Operations of the House (House Action) (Jun 23 2016)

Bill History:

S 832

Bill Summaries:

  • Bill S 832 (2015-2016)
    Summary date: May 10 2016 - View Summary

    Amends GS 105-187.51B(a)(5) concerning privilege taxes on a company located at a ports facility for waterborne commerce, making clarifying and organizational changes and also adding language that requires a tax to be imposed on those such companies that purchase parts, accessories, or attachments used to maintain, repair, replace, upgrade, improve, or otherwise modify the machinery and equipment which is also subject to the privilege tax pursuant to this section.

    Effective July 1, 2013, applies to purchases made on or after that date. 

    Government, Tax, Transportation
    GS 105
View: All Summaries for Bill