Bill Summary for H 399 (2019-2020)

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Bill: EXTEND TAX CREDITS/OTHER FINANCE CHANGES. (NEW)

Summary date: 

Jun 4 2019
S.L. 2019-237

Bill Information:

View NCGA Bill Details2019-2020 Session
House Bill 399 (Public) Filed Wednesday, March 20, 2019
AN ACT TO MAKE CERTAIN TAX CHANGES, TO EXTEND CERTAIN TAX BENEFITS, AND TO APPROPRIATE FUNDS FROM THE COLLECTIONS ASSISTANCE FEE SPECIAL FUND TO THE DEPARTMENT OF REVENUE.
Intro. by Ross, Bell, Warren, Adams.

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Bill summary

House committee substitute to the 3rd edition makes the following changes.

Amends the qualifications to be met in order to receive the disaster relief bonus under GS 105-129.105 to require that the qualified rehabilitation expenditure be incurred no more than five years after the gubernatorial disaster declaration that resulted in (was, no more than five years after the onset of the natural disaster resulting in) the area being declared a disaster area.