Bill Summary for S 640 (2011-2012)

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Bill: ENHANCE DONATIONS OF CONSERVATION LAND.

Summary date: 

Apr 18 2011

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 640 (Public) Filed Monday, April 18, 2011
TO ENHANCE DONATIONS BY CORPORATE ENTITIES OF DISTRESSED PROPERTIES WITH CONSERVATION VALUES.
Intro. by Hartsell.

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Bill summary

As title indicates, amends GS 105-130.29 (appears to amend GS 105-130.34) to increase the maximum credit amount from $500,000 to $2 million, effective beginning January 1, 2011. Amends GS 105-130.34 to decrease the maximum credit amount from $2 million to $500,000, effective beginning January 1, 2013.