Bill Summary for H 372 (2021-2022)

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Bill: RESTORE FUNDING/STATE CONSERVATION PURPOSES.

Summary date: 

Apr 20 2021

Bill Information:

View NCGA Bill Details2021
House Bill 372 (Public) Filed Tuesday, March 23, 2021
AN ACT TO RESTORE THE USE OF PROCEEDS FROM THE DEED STAMP EXCISE TAX TO THE ORIGINAL PURPOSE OF LAND CONSERVATION.
Intro. by McElraft, Howard, Saine, Davis.

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Bill summary

House committee substitute to the 1st edition makes the following changes. Amends amend GS 143-215.75M regarding the Coastal Storm Damage Mitigation Fund (Fund), by providing that the Fund also consists of money credited to it under amended GS 105-228.30 (which would credit 30% of the funds collected from taxing real property conveyance instruments to the Fund).