Bill Summary for H 1015 (2011-2012)

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Summary date: 

Jun 20 2012

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 1015 (Public) Filed Monday, May 21, 2012
TO SET THE PUBLIC UTILITY REGULATORY FEE, THE ELECTRIC MEMBERSHIP CORPORATION REGULATORY FEE, AND THE INSURANCE REGULATORY CHARGE.
Intro. by Howard, Starnes.

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Bill summary

Conference report recommends the following changes to 4th edition to reconcile matters in controversy.
Adds a section, amending GS 105-134.6, to allow an eligible educator an individual income tax deduction of up to $250 for books and other specified educational items. Effective for tax years beginning on or after January 1, 2012. Makes a conforming change to the bill title.
Adds a section to allow interstate passenger air carriers, as described, a refund on sales tax paid on fuel in excess of $1.25 million from January 1, 2011, through June 30, 2011, provided the request is made before October 1, 2012; makes this provision effective on January 1, 2011, and applicable to purchases made on or after that date. Clarifies the refund applicable to certain interstate passenger air carriers for 2010.
Deletes amendment to GS 143B-437.52, which removed the cap on the number of grants awarded under the Job Development Investment Grant Program.