Bill Summary for H 492 (2019-2020)

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Bill: SIMPLIFY BUILDER INVENTORY EXCLUSION.

Summary date: 

Jul 22 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.

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Bill summary

AN ACT TO SIMPLIFY THE PROPERTY TAX EXCLUSION FOR INCREASES IN VALUE OF PROPERTY HELD BY A BUILDER. SL 2019-123. Enacted July 19, 2019. Effective for taxes imposed for taxable years beginning on or after July 1, 2019.