Bill Summary for S 114 (2017-2018)
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| View NCGA Bill Details | 2017-2018 Session |
AN ACT REVISING THE LAWS GOVERNING THE SUBMISSION OF ANNUAL REPORTS BY VARIOUS BUSINESS ENTITIES TO THE SECRETARY OF STATE; CONFORMING THE TREATMENT OF LEASEHOLD INTERESTS IN EXEMPT PROPERTY TO THAT OF OTHER TYPES OF INTANGIBLE PERSONAL PROPERTY FOR PURPOSES OF THE PROPERTY TAX; AND CREATING THE CRIMINAL CODE RECODIFICATION COMMISSION.Intro. by Wells, Tarte.
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Bill summary
House amendment #1 makes the following changes to the 6th edition.
Amends the effective date provision to provide that for entities having gross revenues of at least $175,000 in their fiscal year ending in 2018 (was, 2017), Parts I, II, and IV of this act become effective January 1, 2019 (was, 2018), and apply to annual reports due on or after that date. For entities having gross revenues less than $175,000 in their fiscal year ending in 2018 (was, 2017), Parts I, II, and IV of this act become effective January 1, 2020 (was, 2019), and apply to annual reports due on or after that date. Parts III and V of this act become effective January 1, 2020 (was, 2019), and apply to annual reports due on or after that date. Section 6(a) of Part VI of this act becomes effective January 1, 2020 (was, 2019), and applies to requests for refunds submitted on or after that date. Section 7 and the remainder of the act remain effective when it becomes law.