House Committee substitute makes the following changes to the effective dates in the 1st edition.
Makes the repeal of G.S. 105-159.1 (designation of tax by individual to a political party) effective for taxable years beginning on or after January 1, 2013. Any designations made under that law on or after January 1, 2014, are void.
Makes the repeal of Article 22B of Chapter 163 (appropriations from the North Carolina Political Parties Financing Fund) effective upon exhaustion of the funds.
Except as otherwise described above, the act is effective when it becomes law.
Bill Summaries: H951 ELIMINATE TAX DESIGNATION FOR POLITICAL PARTY.
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Tracking:
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Bill H 951 (2013-2014)Summary date: Jun 13 2013 - View Summary
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Bill H 951 (2013-2014)Summary date: Jun 12 2013 - View Summary
House committee substitute to the first edition to be summarized.
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Bill H 951 (2013-2014)Summary date: Apr 16 2013 - View Summary
Repeals GS 105-159.1 (Designation of tax by individual to political party) and Article 22B (Appropriations from the North Carolina Political Parties Financing Fund) of GS Chapter 163. Effective for taxable years beginning on or after January 1, 2013.