Bill Summary for H 351 (2015-2016)

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Bill: CLARIFY UTILITY RATES.

Summary date: 

Mar 25 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 351 (Public) Filed Wednesday, March 25, 2015
AN ACT TO CLARIFY TAX CHANGES ENACTED IN S.L. 2013-316 MUST BE REFLECTED IN UTILITY RATES.
Intro. by Arp, Collins, Warren.

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Bill summary

Amends Section 4.2 of SL 2013-316 as the title indicates, effective January 1, 2014.

Also requires the Utilities Commission to order a utility to add interest to money refunded to its customers for refunds resulting from the reduction of the corporate income tax rate effective beginning January 1, 2014. Applies to refunds issued on or after the date the act becomes law.