Bill Summary for H 250 (2025-2026)
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View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO EXTEND THE ANNUAL REPORT DUE DATE 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 2nd edition makes the following changes.
Amends proposed GS 55-16-22.3 (concerning exemptions for corporations owned by deployed members of the Armed Forces), GS 57D-2-26 (concerning exemptions for LLCs owned by deployed members of the Armed Forces), and GS 59-84.6 (exemptions for limited liability partnerships owned by deployed members of the Armed Forces) as follows. Makes organizational changes by officially setting out definitions for Armed Forces and deployed members, and adds the Space Force to the definition of Armed Forces. Requires corporations to electronically file, before the start of deployment, a sworn affidavit of deployment executed by the deployed member (was, file notice of deployment in electronic or paper format), and expands upon what must be included in the affidavit, including adding the expected start and end dates of the deployment. Makes conforming changes throughout the statute to refer to the deployment dates in the affidavit. Adds the requirement that the corporation electronically file an affidavit of extended deployment when deployment is extended beyond the date stated in the affidavit of deployment, within 180 days of the end of the date stated in the affidavit of deployment; sets out information that must be included. Amends the due date provisions so that they now refer to days instead of business days. Further amends GS 57D-2-26 by amending the due date of the annual report so that it now aligns with the due date for corporations, which is the 90th day following the end date stated in the affidavit of deployment (was, April 15 of the year immediately following the end of deployment) or the 90th day following the end date in the affidavit of extended deployment (was, submit a verification of the extension when submitting the late annual report which will be been timely filed and any adverse actions will be reversed). Makes other clarifying, organizational, and technical changes.
Amends GS 132-1.2 adding that GS Chapter 132 does not require or authorize public agencies to disclose information that reveals information contained in an affidavit of deployment or an affidavit of extended deployment.
Makes additional conforming changes. Changes the act's titles.