Bill Summary for S 436 (2011-2012)

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Summary date: 

Jun 13 2011

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 436 (Public) Filed Monday, March 28, 2011
TO EXTEND THE QUALIFIED BUSINESS VENTURE TAX CREDIT SUNSET.
Intro. by Hartsell.

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Bill summary

Senate committee substitute makes the following changes to 1st edition. Rewrites Section 1 of SL 2010-153 to provide that a joint governmental agency created to operate a cable system that provides video programming services is allowed a refund of sales and use tax paid, to the same extent allowed to a city, on purchases made on or after July 1, 2007, and before June 30, 2011 (previously June 30, 2010). Changes title to AN ACT TO EXTEND THE QUALIFIED BUSINESS VENTURE TAX CREDIT SUNSET AND TO EXTEND THE SALES TAX REFUND ALLOWED TO A JOINT GOVERNMENTAL AGENCY CREATED TO OPERATE A CABLE TELEVISION SYSTEM FOR ONE YEAR.