Amends GS 105-228.30(b) directing the Department of Revenue to credit, from funds remitted to the Department from excise taxes on conveyances, 50% to the NC Housing Trust Fund, 37% (rather than 75%) to the Parks and Recreation Trust Fund, and 13% (rather than 25%) to the Natural Heritage Trust Fund. Applies to instruments recorded on or after July 1, 2011.
Bill Summaries: H 574 DISTRIBUTION MOD TO EXCISE TAX ON CONVEYANCES.
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Bill H 574 (2011-2012)Summary date: Mar 30 2011 - View Summary