Bill Summary for H 492 (2019-2020)

Printer-friendly: Click to view
Bill: SIMPLIFY BUILDER INVENTORY EXCLUSION.

Summary date: 

Apr 30 2019
S.L. 2019-123

Bill Information:

View NCGA Bill Details2019-2020 Session
House Bill 492 (Public) Filed Wednesday, March 27, 2019
AN ACT TO SIMPLIFY THE PROPERTY TAX EXCLUSION FOR INCREASES IN VALUE OF PROPERTY HELD BY A BUILDER.
Intro. by Brody, Howard, B. Turner.

View: All Summaries for BillTracking:

Bill summary

House committee substitute makes the following changes to the 1st edition.

Eliminates the proposed changes to GS 105-277.02, which extended the time period from three to five years during which residential real property held for sale by a builder can be excluded from property tax.