AN ACT TO REDUCE THE FRANCHISE TAX AND TO MODIFY FILM GRANT LIMITS.
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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