EXCLUDE CUSTOM SOFTWARE FROM PROPERTY TAX (NEW).

View NCGA Bill Details2013-2014 Session
Senate Bill 490 (Public) Filed Wednesday, March 27, 2013
A BILL TO BE ENTITLED AN ACT TO EXCLUDE CUSTOM SOFTWARE FROM PROPERTY TAX.
Intro. by Gunn, Barefoot, Walters.

Status: Ch. SL 2013-259 (Senate Action) (Jul 10 2013)

SOG comments (1):

Long title change

Senate committee substitute to the first edition changed the long title. Original long title was A BILL TO BE ENTITLED AN ACT TO CORRECT ERRORS IN CALCULATING PROPERTY TAX LIABILITY ON COMPUTER SOFTWARE.

Bill History:

S 490/S.L. 2013-259

Bill Summaries:

  • Summary date: Jul 11 2013 - More information

    AN ACT TO EXCLUDE CUSTOM SOFTWARE FROM PROPERTY TAX. Enacted July 10, 2013. Section 1 is effective for taxes imposed for taxable years beginning on or after July 1, 2014. The remainder is effective July 10, 2013.


  • Summary date: Jun 19 2013 - More information

    House committee substitute makes the following changes to the 2nd edition. Makes the changes to GS 105-275 effective for taxes imposed for taxable years beginning on or after July 1, 2014 (was, July 1, 2013). Provides that the changes to the statute are not be to construed to affect the interpretation of any statute that is the subject of litigation pending as of the effective date of the act or to affect any other aspect of pending litigation.


  • Summary date: May 7 2013 - More information

    Senate committee substitute to the 1st edition make the following changes. Removes proposed deletions in GS 105-275 and instead amends GS 105-275 to exclude from tax the development of software or any modifications to software, whether done by the taxpayer or by a third party, to meet the customer's specified needs. Update the act's titles.


  • Summary date: Mar 27 2013 - More information

    Identical to H 453, filed 3/27/13.

    As title indicates.  Amends GS 105-275(40), (Property classified and excluded from the tax base), deleting GS 105-275(40)b, which provides that the exclusion does not apply to software purchased or licensed from an unrelated person that is capitalized in the taxpayer's books. Also deletes language referencing embedded software as it relates to software that is not included in the exclusion.

    Effective for taxes imposed for taxable years beginning on or after July 1, 2013.

     


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