GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2005

 

 

SESSION LAW 2006-220

HOUSE BILL 1522

 

 

AN ACT to conform the tax credit for production companies to the standard tax treatment with Respect to the deduction of business expenses.

 

The General Assembly of North Carolina enacts:

 

SECTION 1. G.S. 105-130.5(a)(18) is repealed.

SECTION 2.  G.S. 105-130.47(i) is repealed.

SECTION 3.  G.S. 105-134.6(c)(9) is repealed.

SECTION 4.  G.S. 105-151.29(i) is repealed.

SECTION 5.  This act is effective for taxable years beginning on and after January 1, 2007.

In the General Assembly read three times and ratified this the 27th day of July, 2006.

 

 

                                                                    s/ Beverly E. Perdue

                                                                         President of the Senate

 

 

                                                                    s/ James B. Black

                                                                         Speaker of the House of Representatives

 

 

                                                                    s/ Michael F. Easley

                                                                         Governor

 

 

Approved 11:54 a.m. this 8th day of August, 2006