AN ACT TO EXTEND THE TIME PERIOD FOR HOLDING REAL PROPERTY AS A FUTURE SITE FOR HOUSING FOR LOW- OR MODERATE-INCOME INDIVIDUALS AND FAMILIES. Summarized in Daily Bulletin 3/21/11. Enacted June 27, 2011. Effective for taxes imposed for taxable years beginning on or after July 1, 2011.
Bill Summaries: H 417 EXTEND TIME FOR SITE OF LOW/MOD. INC. HOUSING.
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Summary date: Jun 30 2011 - View Summary
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Bill H417 (2011-2012)Summary date: Mar 21 2011 - View Summary
Amends GS 105-278.6 as the title indicates. Extends the time period to 10 years (was, 5 years). Makes a conforming change. Effective for taxable years beginning on or after July 1, 2011.