Bill Text: NC S436 | 2011-2012 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Extend Sunsets

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2011-06-27 - Ch. SL 2011-345 [S436 Detail]

Download: North_Carolina-2011-S436-Amended.html

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GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

S                                                                                                                                                    3

SENATE BILL 436

Finance Committee Substitute Adopted 6/13/11

House Committee Substitute Favorable 6/16/11

 

Short Title:        Extend Sunsets.		(Public)
Sponsors:
Referred to:

March 29, 2011

A BILL TO BE ENTITLED

AN ACT to extend the qualified business venture tax credit sunset and to extend the sales tax refund allowed to a joint governmental agency created to operate a cable television system for one year.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 105‑163.015 reads as rewritten:

"§ 105‑163.015.  Sunset.

This Part is repealed effective for investments made on or after January 1, 2013.2016."

SECTION 2.  Section 1 of S.L. 2010‑153 reads as rewritten:

"SECTION 1. A joint agency created by an interlocal agreement pursuant to G.S. 160A‑462 to operate a cable system that provides video programming services is allowed a refund of sales and use tax paid by it on purchases made on or after July 1, 2007, and before June 30, 2010, June 30, 2011, to the same extent allowed to a city under G.S. 105‑164.14(c). Notwithstanding G.S. 105‑164.14, the joint agency must make a request for a refund in writing before January 1, 2011.January 1, 2011, for sales and use tax paid on or after July 1, 2007, and before June 30, 2010."

SECTION 3.  This act is effective when it becomes law.