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NC S1325

Bill

Official Source

Status

Introduced

5/19/2010

Primary Sponsor

Margaret Dickson

Click for details

Origin

Senate

2010 Session

AI Summary

  • Modifies the inventory property tax deferral for residential properties constructed by builders in North Carolina
  • Expands eligibility to include residences owned by a builder or a business entity of which the builder is a member, rather than limiting it to builder-owned properties only
  • Maintains the definition of "residence" as an unoccupied improvement intended for individual use that has received a certificate of occupancy, excluding remodeling or renovation work
  • Effective for tax years beginning on or after July 1, 2010

Legislative Description

Homebuilder Property Tax Deferral Change

Last Action

Ref To Com On Finance

5/20/2010

Committee Referrals

Finance5/20/2010

Full Bill Text

No bill text available