Repeals GS 105-129.39, sunset clause for the Historic Rehabilitation Tax Credits.
Amends GS 105-130.47 and 105-151.29, concerning tax credits for qualifying expenses of a production company, providing that a production company must have qualifying expenses of at least $300,000 (was, $250,000) to receive tax credit of 25 percent of the company's qualifying expenses. Deletes GS 105-130.47(k), the sunset provision for the qualifying expenses tax credits.
MODIFY FILM/HISTORIC REHAB TAX CREDITS.
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| View NCGA Bill Details | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT TO MODIFY THE HISTORIC REHABILITATION TAX CREDIT AND THE FILM CREDIT.Intro. by Hamilton, Iler, Davis, Carney.
Status: Ref To Com On Finance (House Action) (May 21 2014)
Bill History:
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Tue, 20 May 2014 House: Filed
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Wed, 21 May 2014 House: Passed 1st Reading
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Wed, 21 May 2014 House: Ref To Com On Finance
H 1142
Bill Summaries:
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Bill H 1142 (2013-2014)Summary date: May 20 2014 - View Summary
View: All Summaries for Bill