Bill Summary for S 202 (2015-2016)

Summary date: 

Mar 9 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 202 (Public) Filed Monday, March 9, 2015
AN ACT TO REENACT THE REHABILITATION TAX CREDITS.
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Bill summary

Reenacts Article 3H, Mill Rehabilitation Tax Credit, of Subchapter I of GS Chapter 105 as it existed immediately before its repeal and makes the following changes. Extends the sunset of the Article to January 1, 2021 (was, 2015). Applies to rehabilitation projects for which an application for eligibility certification is submitted on or after the date that this Part of the act becomes law.

Reenacts Article 3D, Historic Rehabilitation Tax Credit, of Subchapter I of GS Chapter 105 as it existed immediately before its repeal and makes the following changes. Extends the sunset of the Article to January 1, 2021 (was, 2015). Applies to qualified rehabilitation expenditures and rehabilitation expenses incurred on or after the date that this Part of the act becomes law.

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