Bill Summary for H 951 (2013-2014)

Summary date: 

Jun 13 2013

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 951 (Public) Filed Tuesday, April 16, 2013
A BILL TO BE ENTITLED AN ACT TO ELIMINATE THE DESIGNATION ON A TAX RETURN BY AN INDIVIDUAL FOR THE NORTH CAROLINA POLITICAL PARTIES FINANCING FUND.
Intro. by Riddell, Whitmire, Burr, Brody.

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Bill summary

House Committee substitute makes the following changes to the effective dates in the 1st edition.

Makes the repeal of G.S. 105-159.1 (designation of tax by individual to a political party) effective for taxable years beginning on or after January 1, 2013. Any designations made under that law on or after January 1, 2014, are void.

Makes the repeal of Article 22B of Chapter 163 (appropriations from the North Carolina Political Parties Financing Fund) effective upon exhaustion of the funds.

Except as otherwise described above, the act is effective when it becomes law.

 

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