Bill Summary for S 503 (2013-2014)

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Bill: EXEMPT START-UPS FROM PRIVILEGE LIC. TAXES.

Summary date: 

Mar 27 2013

Bill Information:

View NCGA Bill Details(link is external)2013-2014 Session
Senate Bill 503 (Public) Filed Wednesday, March 27, 2013
A BILL TO BE ENTITLED AN ACT TO EXEMPT START-UP ENTITIES FROM PRIVILEGE TAXES.
Intro. by Clark.

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Bill summary

Amends GS 105-33(b), GS 153A-152(b), and GS 160A-211(c), as the title indicates. Amends GS 105-331 to define a start-up entity as a person that begins to engage in an activity that requries a license but has not been engaged in the activity for more than one year. Effective July 1, 2013.