AN ACT TO EXCLUDE CUSTOM SOFTWARE FROM PROPERTY TAX. Enacted July 10, 2013. Section 1 is effective for taxes imposed for taxable years beginning on or after July 1, 2014. The remainder is effective July 10, 2013.
Summary date: Jul 11 2013 - More information
Summary date: Jun 19 2013 - More information
House committee substitute makes the following changes to the 2nd edition. Makes the changes to GS 105-275 effective for taxes imposed for taxable years beginning on or after July 1, 2014 (was, July 1, 2013). Provides that the changes to the statute are not be to construed to affect the interpretation of any statute that is the subject of litigation pending as of the effective date of the act or to affect any other aspect of pending litigation.
Summary date: May 7 2013 - More information
Senate committee substitute to the 1st edition make the following changes. Removes proposed deletions in GS 105-275 and instead amends GS 105-275 to exclude from tax the development of software or any modifications to software, whether done by the taxpayer or by a third party, to meet the customer's specified needs. Update the act's titles.
Summary date: Mar 27 2013 - More information
Identical to H 453, filed 3/27/13.
As title indicates. Amends GS 105-275(40), (Property classified and excluded from the tax base), deleting GS 105-275(40)b, which provides that the exclusion does not apply to software purchased or licensed from an unrelated person that is capitalized in the taxpayer's books. Also deletes language referencing embedded software as it relates to software that is not included in the exclusion.
Effective for taxes imposed for taxable years beginning on or after July 1, 2013.
© 2021 School of Government The University of North Carolina at Chapel Hill
This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.