Under current law, Article 3B of GS Chapter 105 provides for Business and Energy Tax Credits and sets a cap on the business and energy tax credits allowed under Article 3B. Amends GS 105-129.17(b) to apply the cap only to specified business tax credits, removing the cap on the energy tax credits. Effective for taxes imposed for taxable years beginning on or after January 1, 2011.
REMOVE CAP ON ENERGY CREDITS.
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| View NCGA Bill Details | 2011-2012 Session |
TO REMOVE THE CAP ON THE ENERGY CREDITS.Intro. by Clodfelter.
Status: Ref To Com On Finance (Senate Action) (Apr 19 2011)
Bill History:
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Mon, 18 Apr 2011 Senate: Filed
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Tue, 19 Apr 2011 Senate: Passed 1st Reading
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Tue, 19 Apr 2011 Senate: Ref To Com On Finance
S 645
Bill Summaries:
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Bill S 645 (2011-2012)Summary date: Apr 18 2011 - View Summary
View: All Summaries for Bill