Bill Summary for H 1025 (2011-2012)
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Bill: EXTEND TAX PROVISIONS.
Summary date:
May 30 2012
S.L. 2012-36
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
TO EXTEND THE SUNSET OF CERTAIN TAX PROVISIONS, AS PROPOSED BY THE REVENUE LAWS STUDY COMMITTEE.Intro. by Howard, Starnes.
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Bill summary
House committee substitute makes the following changes to 1st edition. Amends GS 105-129.39 to provide that Article 3D (Historic Rehabilitation Tax Credit) expires for qualified rehabilitation expenditures and rehabilitation expenses incurred on or after January 1, 2015 (was, January 1, 2014). Amends GS 105-129.75 to provide that Article 3H (Mill Rehabilitation Tax Credit) expires for rehabilitation projects for which an application for eligibility certification is submitted on or after January 1, 2015 (was, January 1, 2014). Amends the title to read, AN ACT TO EXTEND THE SUNSET OF CERTAIN TAX PROVISIONS.