Bill Summary for H 1142 (2013-2014)

Summary date: 

May 20 2014

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 1142 (Public) Filed Tuesday, May 20, 2014
A BILL TO BE ENTITLED AN ACT TO MODIFY THE HISTORIC REHABILITATION TAX CREDIT AND THE FILM CREDIT.
Intro. by Hamilton, Iler, Davis, Carney.

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Bill summary

Repeals GS 105-129.39, sunset clause for the Historic Rehabilitation Tax Credits.

Amends GS 105-130.47 and 105-151.29, concerning tax credits for qualifying expenses of a production company, providing that a production company must have qualifying expenses of at least $300,000 (was, $250,000) to receive tax credit of 25 percent of the company's qualifying expenses. Deletes GS 105-130.47(k), the sunset provision for the qualifying expenses tax credits.

 

 

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