Bill Summary for S 790 (2013-2014)
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Summary date:
Jun 10 2014
S.L. 2014-39
Bill Information:
| View NCGA Bill Details | 2013-2014 Session |
AN ACT TO PHASE IN THE SALES TAX RATE ON ELECTRICITY SOLD BY CAPE HATTERAS ELECTRICAL MEMBERSHIP CORPORATION AND THE SALES TAX RATE ON PIPED NATURAL GAS SOLD BY GAS CITIES, TO MODIFY THE PROPERTY TAX DEFERRAL PROGRAM FOR SITE INFRASTRUCTURE LAND, AND TO DELAY THE CHANGE IN THE HIGHWAY USE TAX BASE TO INCLUDE DEALER ADMINISTRATIVE FEES.Intro. by Cook.
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Bill summary
The Senate committee substitute to the 1st edition deletes the provisions of the previous edition and replaces it with AN ACT TO PHASE IN THE SALES TAX ON ELECTRICITY SOLD BY CAPE HATTERAS ELECTRICAL MEMBERSHIP CORPORATION.
Amends GS 105-164.4(a) to provide that the tax rate of 3.5% applies to the gross receipts derived from sales of electricity by Cape Hatteras Electric Membership Corporation. Effective July 1, 2014, and expires July 1, 2015.