Bill Summary for H 912 (2015-2016)

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Summary date: 

Jul 16 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 912 (Public) Filed Thursday, April 16, 2015
AN ACT TO EXEMPT REAL AND PERSONAL PROPERTY LOCATED ON TRIBAL LANDS FROM PROPERTY TAX REGARDLESS OF OWNERSHIP AND TO AUTHORIZE THE DEPARTMENT OF REVENUE TO ENTER INTO AN AGREEMENT WITH THE EASTERN BAND OF CHEROKEE INDIANS REGARDING THE TAXATION OF TOBACCO PRODUCTS, AND TO AMEND THE REQUIREMENTS FOR DISTILLERY PERMIT HOLDERS TO SELL SPIRITUOUS LIQUOR DISTILLED ON PREMISES TO VISITORS OF THE DISTILLERY.
Intro. by West, Hager, Saine, W. Brawley.

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Bill summary

House committee substitute makes the following changes to the 2nd edition.

Deletes all of the provisions of the previous edition and replaces it with the following.

Amends GS 105-275 (Property classified and excluded from the tax base) to provide that any real or personal property located on lands held in trust for the Eastern Band of the Cherokee Indians is excluded from property tax regardless of ownership. Effective for taxes imposed for taxable years beginning on or after July 1, 2016. 

Enacts new GS 105-113.4E (Agreement with the Eastern Band of Cherokee Indians), which provides that the Department of Revenue can enter into an agreement with the Tribe concerning excise tax on tobacco products. Requires the agreement to be approved by the Tribal Council and signed by the Chief of the Tribe and the Secretary of Revenue. Provides that the agreement can be for a definite or indefinite amount of time. Defines terms for the section, including chief, council, and tribe.

Amends the short and long titles.