House committee substitute to the 1st edition makes the following changes. Amends amend GS 143-215.75M regarding the Coastal Storm Damage Mitigation Fund (Fund), by providing that the Fund also consists of money credited to it under amended GS 105-228.30 (which would credit 30% of the funds collected from taxing real property conveyance instruments to the Fund).
RESTORE FUNDING/STATE CONSERVATION PURPOSES.
Printer-friendly: Click to view
| View NCGA Bill Details | 2021 |
AN ACT TO RESTORE THE USE OF PROCEEDS FROM THE DEED STAMP EXCISE TAX TO THE ORIGINAL PURPOSE OF LAND CONSERVATION.Intro. by McElraft, Howard, Saine, Davis.
Status: Re-ref Com On Appropriations (House action) (May 6 2021)
Bill History:
-
Tue, 23 Mar 2021 House: Filed
-
Wed, 24 Mar 2021 House: Passed 1st Reading
-
Tue, 20 Apr 2021 House: Reptd Fav Com Substitute
-
Tue, 20 Apr 2021 House: Re-ref Com On Finance
-
Tue, 27 Apr 2021 House: Serial Referral To Appropriations Added
-
Thu, 6 May 2021 House: Reptd Fav
-
Thu, 6 May 2021 House: Re-ref Com On Appropriations
H 372
Bill Summaries:
-
Bill H 372 (2021-2022)Summary date: Apr 20 2021 - View Summary
-
Bill H 372 (2021-2022)Summary date: Mar 23 2021 - View Summary
Changes the provisions governing funds remitted to the Department of Revenue by registers of deeds collected from taxing real property conveyance instruments under GS 105-228.30. Rather than crediting the required portion of proceeds remitted to DOR to the General Fund, requires DOR to credit remitted funds at the rate of 30% to the Parks and Recreation Trust Fund, 30% to the Land and Water Fund, 30% to the Coastal Storm Damage Mitigation Fund, and 10% to the NC Agricultural Development and Farmland Preservation Trust Fund. Makes conforming changes to the statutes governing those identified Funds: GS 143B-135.56; GS 143B-135.234; and GS 106-744 (does not amend GS 143-215.75M regarding the Coastal Storm Damage Mitigation Fund). Effective July 1, 2021.
View: All Summaries for Bill
Identical to S 354, filed 3/25/21.