Bill Summary for S 204 (2015-2016)

Summary date: 

Mar 9 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 204 (Public) Filed Monday, March 9, 2015
AN ACT TO REENACT THE CREDIT FOR QUALIFYING EXPENSES OF A PRODUCTION COMPANY.
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Bill summary

Reenacts GS 105-151.29 and GS 105-130.47, individual and corporate income tax credits for qualifying expenses of a production company, as they existed immediately before repeal and makes the following changes. Extends the sunset of the statutes to January 1, 2021 (was, 2015). Applies to qualifying expenses occurring on or after January 1, 2015.

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