Bill Summary for S 388 (2021-2022)
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AN ACT TO EXPAND THE EXEMPTION FOR FARMERS TO INCLUDE CERTAIN SALES TO A QUALIFYING FARMER FOR A ZOO, TO EXEMPT QUALIFYING ITEMS FROM SALES TAX IF PURCHASED BY A WILDLIFE MANAGER FOR WILDLIFE MANAGEMENT ACTIVITIES, AND TO MAKE CHANGES TO THE PROPERTY TAXATION OF WILDLIFE CONSERVATION LAND.Intro. by Sawyer, B. Jackson.
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House committee substitute makes the following changes to the 5th edition.
Reinstates the content of previous Parts II. and III. of the act, which were eliminated in the 3rd edition. Returns the provisions as they existed in the 2nd edition, which (1) enact GS 105-164.13F to create a sales and use tax exemption for eight enumerated items purchased by a wildlife manager used primarily for wildlife management activities and provide for an exemption certificate and (2) reorganize and revise GS 105-277.15, which provides for the taxation of land classified as wildlife conservation land, effective July 1, 2022. Makes proposed GS 105-164.13F set forth in Part II. effective October 1, 2022, rather than July 1, 2022. Makes conforming changes to the act's long title.