Bill Summary for S 578 (2019-2020)
Apr 4 2019
|View NCGA Bill Details||2019-2020 Session|
AN ACT TO REDUCE THE FRANCHISE TAX AND TO MODIFY FILM GRANT LIMITS.Intro. by Sawyer.
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Amends GS 105-275 to exclude from property tax 80% of the appraised value of tangible personal property that is owned by a qualifying farmer and was exempt from sales tax. Effective for taxable imposed for taxable years beginning on or after July 1, 2019.