Bill Summary for H 1105 (2011-2012)

Summary date: 

Jun 20 2012
S.L. 2012-157

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 1105 (Public) Filed Wednesday, May 23, 2012
AMENDING THE ELECTROLYSIS PRACTICE ACT TO AUTHORIZE THE BOARD OF ELECTROLYSIS EXAMINERS TO HOLD AND USE FUNDS, TO CLARIFY CONTINUING EDUCATION REQUIREMENTS, AND TO AFFECT CERTAIN FEES.
Intro. by Justice.

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Bill summary

House amendments make the following changes to 2nd edition.
Amendment #1 adds a new subsection (e) to GS 47C-1-105 (from the NC Condominium Act) to declare, except as provided in GS 47C-1-105(c), that extraterritorial common property, as defined in GS 105-277.8(b), is to be taxed and assessed pro rata among the unit owners based on the number of units in the association. Enacts new GS 47F-1-105 (in the NC Planned Community Act) to also declare that extraterritorial common property as defined in GS 105-277.8(b) is to be taxed and assessed pro rata among the lot owners based on the number of the lots in the association. Effective July 1, 2012, and applies to extraterritorial common property acquired on or after that date.
Amendment #2 amends GS 105-277.8(a1) to direct the governing board of a nonprofit homeowners’ association with taxable property under this subsection to annually inform each association member as to the amount of tax due on the property, the property value, and where applicable, to identify the means by which the association will collect the tax due on the property from the members.

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