Bill Summary for S 511 (2013-2014)
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Summary date:
Mar 27 2013
Bill Information:
| View NCGA Bill Details | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT TO MODIFY THE PRESENT-USE VALUE PROPERTY TAX DEFERRAL PROGRAM AS IT RELATES TO AGRICULTURAL LAND.Intro. by Jackson, Cook, Tillman.
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Bill summary
Amends GS 105-277.2 to provide that for the purposes of the definition of agricultural land (which applies in GS 105-277.3 through GS 105-277.7), the commercial production or growing of animals includes the rearing, feeding, training, caring, and managing of horses. Effective for taxes imposed for taxable years beginning on or after July 1, 2013.