EXTEND TAX PROVISIONS.

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View NCGA Bill Details(link is external)2011-2012 Session
House Bill 1025 (Public) Filed Monday, May 21, 2012
TO EXTEND THE SUNSET OF CERTAIN TAX PROVISIONS, AS PROPOSED BY THE REVENUE LAWS STUDY COMMITTEE.
Intro. by Howard, Starnes.
Status: Ch. SL 2012-36 (House Action) (Jun 20 2012)

Bill History:

H 1025/S.L. 2012-36

Bill Summaries:

  • Bill H 1025/SL 2012-36 (2011-2012)
    Summary date: Jun 21 2012 - View Summary

    AN ACT TO EXTEND THE SUNSET OF CERTAIN TAX PROVISIONS. Summarized in Daily Bulletin 5/21/12, 5/30/12, and 6/7/12. Enacted June 20, 2012. Effective June 20, 2012.

    Tax
  • Bill H 1025 (2011-2012)
    Summary date: Jun 7 2012 - View Summary

    Senate amendment makes the following changes to 2nd edition. Corrects the statute reference in Section 9 to GS 105-151.32(c) (extending the sunset on the credit for adoption expenses).

    Tax
  • Bill H 1025 (2011-2012)
    Summary date: May 30 2012 - View Summary

    House committee substitute makes the following changes to 1st edition. Amends GS 105-129.39 to provide that Article 3D (Historic Rehabilitation Tax Credit) expires for qualified rehabilitation expenditures and rehabilitation expenses incurred on or after January 1, 2015 (was, January 1, 2014). Amends GS 105-129.75 to provide that Article 3H (Mill Rehabilitation Tax Credit) expires for rehabilitation projects for which an application for eligibility certification is submitted on or after January 1, 2015 (was, January 1, 2014). Amends the title to read, AN ACT TO EXTEND THE SUNSET OF CERTAIN TAX PROVISIONS.

    Tax
  • Bill H 1025 (2011-2012)
    Summary date: May 21 2012 - View Summary

           Identical to S 827, filed 5/17/12.

    Amends SL 2009-505 to extend to July 1, 2013, the development tier one designation of seafood industrial parks. Extends the following tax credits through January 1, 2014: GS 105-129.16D(d) (constructing renewable fuel facilities); GS 105-129.16F(b) (biodiesel producers); GS 105-129.16G(b) (Work Opportunity); GS 105-129.82(a) (Article 3J credits for growing businesses); GS 105-130.48(f) and GS 105-151.30(f) (recycling oyster shells); GS 105-151.28(d) (long-term care insurance premiums); GS 105-151.31(c) (earned income); GS 105-131.32(c) (adoption expenses); and GS 105-163.015 (qualified business investments).
    Amends GS 105-164.14A(a) to extend the sales tax refund through January 1, 2014, for the following: passenger air carrier fuel; aviation fuel bought by professional motorsports racing team; and analytical services businesses. Amends GS 105-164.14B(f) to extend through January 1, 2014, the sales tax refund for certain industrial facilities.

    Tax
    GS 105
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