Senate committee substitute to the 1st edition makes the following changes.

Eliminates Section 1 of the previous edition, which amended GS 130A-310.39. Renumbers the remaining sections accordingly.

Alters the proposed language in GS 105-277.13 subsection (a) to reference owners of real property subject to a brownfields agreement with the Department of Environmental Quality (DEQ) under GS 130A-310.32, and to provide the exclusion under that subsection is provided for the five (was, first five) taxable years after qualifying improvements are made after July 1, 2000 (removes the written confirmation date). Specifies that subsequent qualifying improvements are also entitled to a separate exclusionary period. Changes the proposed language in subsection (b) to specify that “qualifying improvements” under the statute mean improvements made to the property after DEQ provides written confirmation of eligibility for a brownfields agreement under the Brownfields Property Reuse Act of 1997 in GS Chapter 130A.