RESTORE FUNDING/STATE CONSERVATION PURPOSES.

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2021

Senate Bill 354 (Public) Filed Thursday, March 25, 2021

AN ACT TO RESTORE THE USE OF PROCEEDS FROM THE DEED STAMP EXCISE TAX TO THE ORIGINAL PURPOSE OF LAND CONSERVATION.

Intro. by Lee, Ballard, Lazzara.

Status: Re-ref to Appropriations/Base Budget. If fav, re-ref to Rules and Operations of the Senate (Senate action) (Mar 31 2021)

Bill History:

Thu, 25 Mar 2021 Senate: Filed
Mon, 29 Mar 2021 Senate: Passed 1st Reading
Mon, 29 Mar 2021 Senate: Ref To Com On Rules and Operations of the Senate
Wed, 31 Mar 2021 Senate: Withdrawn From Com
Wed, 31 Mar 2021 Senate: Re-ref to Appropriations/Base Budget. If fav, re-ref to Rules and Operations of the Senate

S 354

Bill Summaries:

Bill S 354 (2021-2022)

Summary date: Mar 25 2021 - View Summary

Identical to H 372, filed 3/23/21.

Changes the provisions governing funds remitted to the Department of Revenue by registers of deeds collected from taxing real property conveyance instruments under GS 105-228.30. Rather than crediting the required portion of proceeds remitted to DOR to the General Fund, requires DOR to credit remitted funds at the rate of 30% to the Parks and Recreation Trust Fund, 30% to the Land and Water Fund, 30% to the Coastal Storm Damage Mitigation Fund, and 10% to the NC Agricultural Development and Farmland Preservation Trust Fund. Makes conforming changes to the statutes governing those identified Funds: GS 143B-135.56; GS 143B-135.234; and GS 106-744 (does not amend GS 143-215.75M regarding the Coastal Storm Damage Mitigation Fund). Effective July 1, 2021.

Agriculture, Courts/Judiciary, Civil, Civil Law, Court System, Development, Land Use and Housing, Property and Housing, Environment, Environment/Natural Resources, Government, Cultural Resources and Museums, State Agencies, Department of Revenue, Tax

GS 105

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