As title indicates. Amends GS 105-275(40) (Property classified and excluded from the tax base), deleting GS 105-275(40)b, which provided 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.
Bill H 453 (2013-2014)Summary date: Mar 27 2013 - More information
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