Bill Summary for S 578 (2019-2020)

Summary date: 

Oct 30 2019

Bill Information:

View NCGA Bill Details2019-2020 Session
Senate Bill 578 (Public) Filed Wednesday, April 3, 2019
AN ACT TO REDUCE THE FRANCHISE TAX AND TO MODIFY FILM GRANT LIMITS.
Intro. by Sawyer.

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Bill summary

House committee substitute to the 2nd edition makes the following changes. 

Makes a clarifying change to GS 105-122(d2). 

Amends GS 143B-437.02A, concerning the Film and Entertainment Grant Fund, by deleting proposed (d1), which provided that an agreement awarding a grant under the statute for which the production company is entitled to payment for performance under the agreement is a binding obligation of the State and is not subject to State funds being appropriated by the General Assembly. 

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