Enacts GS 105-164.16A to require annual reporting to the Department of Revenue from two categories of taxpayers: (a) an insurer licensed to issue a motor vehicle liability policy if it paid for servicing or repair in the state on behalf of an insured, and (b) a franchisor making a wholesale or retail sale to a franchisee. Defines key terms, including franchise, franchisee, and franchisor. Specifies the elements that must be included in the annual report. Effective January 1, 2011.
ANNUAL TRANSACTION REPORTS REQUIREMENT.
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| View NCGA Bill Details | 2011-2012 Session |
TO REQUIRE ANNUAL TRANSACTION REPORTS.Intro. by Hartsell.
Status: Ref To Com On Finance (Senate Action) (Mar 16 2011)
Bill History:
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Tue, 15 Mar 2011 Senate: Filed
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Wed, 16 Mar 2011 Senate: Passed 1st Reading
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Wed, 16 Mar 2011 Senate: Ref To Com On Finance
S 351
Bill Summaries:
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Bill S 351 (2011-2012)Summary date: Mar 15 2011 - View Summary
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