Bill Summary for H 1142 (2013-2014)
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Summary date:
May 20 2014
Bill Information:
View NCGA Bill Details | 2013-2014 Session |
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.