Bill Summary for S 645 (2011-2012)
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Summary date:
Apr 18 2011
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
TO REMOVE THE CAP ON THE ENERGY CREDITS.Intro. by Clodfelter.
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Bill summary
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.