Bill Summary for H 399 (2019-2020)

Summary date: 

Oct 23 2019

Bill Information:

View NCGA Bill Details2019-2020 Session
House Bill 399 (Public) Filed Wednesday, March 20, 2019
AN ACT TO MAKE CERTAIN TAX CHANGES, TO EXTEND CERTAIN TAX BENEFITS, AND TO APPROPRIATE FUNDS FROM THE COLLECTIONS ASSISTANCE FEE SPECIAL FUND TO THE DEPARTMENT OF REVENUE.
Intro. by Ross, Bell, Warren, Adams.

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Bill summary

Conference report makes the following changes to the 5th edition.

Changes the scope of the proposed changes to GS 105-130.5 (concerning corporate income tax) and GS 105-153.5 (concerning individual income tax), which provide for an income tax deduction for economic incentives received pursuant to GS 143B-437.012 (Job Maintenance and Capital Development Fund); Part 2G (Job Development Investment Grant Program); or Part 2H (One North Carolina Fund), Article 10, GS Chapter 143B. Now makes the provisions apply to amounts received by a taxpayer on or after January 1, 2019 (was, amounts received by a taxpayer pursuant to an economic incentive agreement entered into on or after January 1, 2019).

Adds the following new provisions.

Amends GS 105-164.13(61a) to exempt from sales tax self-service vehicle washes or vacuums (was, self-service car washes or vacuums) and limited-service vehicle washes.

Amends GS 105-164.3 to define gross sales, as the term is used in Article 5 concerning sales and use tax, to mean the sum total of the sales price of all sales of tangible personal property, digital property, and services (was, of all sales of items). Further amends the statute to define item to include digital property (rather than certain digital property).

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