Bill Summary for H417 (2011-2012)

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Bill: EXTEND TIME FOR SITE OF LOW/MOD. INC. HOUSING.

Summary date: 

Mar 21 2011
S.L. 2011-368

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 417 (Public) Filed Monday, March 21, 2011
TO EXTEND THE TIME PERIOD FOR HOLDING REAL PROPERTY AS A FUTURE SITE FOR HOUSING FOR LOW-OR MODERATE-INCOME INDIVIDUALS AND FAMILIES.
Intro. by McGrady.

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Bill 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.