Bill Summary for S 382 (2011-2012)

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Summary date: 

May 19 2011

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 382 (Public) Filed Monday, March 21, 2011
TO REQUIRE WITHHOLDING OF INCOME TAXES FROM SALES OF REAL PROPERTY AND ASSOCIATED TANGIBLE PERSONAL PROPERTY BY NONRESIDENTS.
Intro. by Apodaca.

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Bill summary

Senate committee substitute makes the following changes to 1st edition. Changes the effective date to January 1, 2012 (was, taxable years beginning on or after January 1, 2011) and provides that the act applies to sales made on or after the effective date. Makes a technical correction.