Bill Summary for H 430 (2015-2016)
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Summary date:
May 7 2015
Bill Information:
| View NCGA Bill Details | 2015-2016 Session |
AN ACT REESTABLISHING THE STATE PAYMENT IN LIEU OF TAXES STUDY COMMISSION; DIRECTING THE ENVIRONMENTAL REVIEW COMMISSION TO STUDY ISSUES RELATING TO STATEWIDE APPROACHES TO CONTROL INVASIVE AQUATIC NOXIOUS WEEDS IN THE STATE'S WATERS; DIRECTING THE REVENUE LAWS COMMITTEE TO STUDY ISSUES RELATING TO THE FINANCIAL IMPACTS ON LOCAL GOVERNMENTS OF EXEMPTING PREVIOUSLY TAXABLE PROPERTIES FROM THE PROPERTY TAX BASE WHEN ACQUIRED BY NONPROFITS; AND CLARIFYING THE AUTHORITY OF COUNTIES TO ESTABLISH RESIDENTIAL RECYCLABLE MATERIALS COLLECTION PROGRAMS.Intro. by McElraft.
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Bill summary
House amendment makes the following changes to the 2nd edition:
Makes a clarifying change to the study to be conducted by the Revenue Laws Study Committee concerning issues relating to the financial impacts on local governments of exempting previously taxable properties from the property tax base when the property is acquired by nonprofits, providing that in conducting the study, the taxation of real or personal property used for religious properties cannot be considered.