Bill Summary for S 435 (2015-2016)

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Bill: BUSINESS COURT AMENDMENT.

Summary date: 

Mar 25 2015

Bill Information:

View NCGA Bill Details(link is external)2015-2016 Session
Senate Bill 435 (Public) Filed Wednesday, March 25, 2015
A BILL TO BE ENTITLED AN ACT TO AMEND THE LAW GOVERNING THE NORTH CAROLINA BUSINESS COURT TO PROVIDE THAT A TAX CONTESTATION CASE MUST INVOLVE AN AMOUNT IN CONTROVERSY OF AT LEAST TEN THOUSAND DOLLARS IN ORDER TO BE DESIGNATED A MANDATORY COMPLEX BUSINESS CASE.
Intro. by Rucho, Barringer.

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Bill summary

Amends GS 7A-45.4(b) concerning the designation of business cases as mandatory complex business cases, providing that an action must have an amount in controversy, computed in accordance with GS 7A-243, of at least $5,000, in addition to other specified conditions, to be designated as a mandatory complex business case. 

Amends GS 105-241.16, making conforming changes. 

Effective October 1, 2015, applying to actions commenced on or after that date.