Bill Summary for S 711 (2011-2012)
Printer-friendly: Click to view
Summary date:
Apr 19 2011
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
TO ELIMINATE THE INCOME TAX CREDIT FOR QUALIFYING EXPENSES OF A PRODUCTION COMPANY.Intro. by Mansfield.
| View: All Summaries for Bill | Tracking: |
Bill summary
Amends GS 105-130.47 and 105-151.29 both (statutes establish tax credits for production company expenses) to sunset the provisions of the statute effective January 1, 2011, instead of the January 1, 2014, sunset in the current law. Makes conforming changes. Effective for taxable years beginning on or after January 1, 2011.