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NC S114

Bill

Official Source

Status

Introduced

2/20/2013

Primary Sponsor

Tamara Barringer

Click for details

Origin

Senate

2013-2014 Session

AI Summary

  • Repeals Article 1A of Chapter 105 of the General Statutes, which contained North Carolina's estate tax.

  • Removes reference to estate tax return filing deadline (G.S. 105-32.8) from statute of limitations provisions for federal tax determination adjustments.

  • Eliminates exception that prevented negligence penalties from applying to estate tax valuation understatement deficiencies.

  • Effective January 1, 2013 for estates of decedents dying on or after that date.

Legislative Description

Repeal Estate Tax

Last Action

Ref To Com On Finance

2/21/2013

Committee Referrals

Finance2/21/2013

Full Bill Text

No bill text available