Bill Summary for H 517 (2025-2026)
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Summary date:
Jun 16 2026
Bill Information:
| View NCGA Bill Details | 2025-2026 Session |
AN ACT TO MAKE VARIOUS CHANGES TO THE NORTH CAROLINA NONPROFIT CORPORATIONS ACT AND TO ALLOW A CHARITABLE ORGANIZATION'S DISCLOSURE UNDER STATE LAW TO BE SATISFIED BY THE ACKNOWLEDGEMENT REQUIRED FOR A TAX DEDUCTION UNDER FEDERAL LAW.Intro. by Rhyne, K. Hall, Chesser, Lofton.
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Bill summary
Senate committee substitute to the 1st edition makes the following changes.
Amends proposed GS 55A-16-22.1 by allowing the annual report required of domestic corporations and foreign corporations authorized to conduct affairs in this state to be either on paper or electronic (was, electronic only).
Amends GS 55A-1-22 by increasing the fee for filing the annual report from free to $25 for a paper report and $18 for an electronic report.
Changes following effective dates from October 1, 2025 to 2026: (1) Part I of the act, (2) Sections 3.1 and 3.2, (3) Section 3.3(b), (4) the definition of a protected agreement for Section 3.3, (5) Section 4 of the act, (6) Section 5 of the act, and (7) Section 6 of the act.