Bill Summary for H 250 (2025-2026)

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Summary date: 

Mar 25 2025

Bill Information:

View NCGA Bill Details(link is external)2025-2026 Session
House Bill 250 (Public) Filed Thursday, February 27, 2025
AN ACT TO WAIVE THE ANNUAL REPORT REQUIREMENT AND FEE FOR BUSINESS ENTITIES OWNED BY DEPLOYED MEMBERS OF THE ARMED FORCES.
Intro. by Carver, Campbell.

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Bill summary

House committee substitute to the 1st edition makes the following changes. Amends GS 57D-2-26 (exemptions for LLC’s owned by deployed members of the Armed Forces) so that the deployment period is one that on or after the ninetieth day preceding the due date of the annual report (was, one that ends on or after January 15 of the year in which the annual report is due). Makes clarifying change and now requires a foreign LLC to disclose the name of the jurisdiction under whose law the foreign LLC is organized as part of the information required in the notice of disclosure. Amends the notice of disclosure requirements for limited liability partnerships (LLP) under GS 59-84.6 so that it must disclose the name of the state or county (was, just state) under whose law it formed (was, incorporated).