NC S829

Excludes small businesses with gross annual sales of not more than $2,000,000 from dollar limitations and add-back requirements applied to section 179 business property expenses.

Applies to businesses engaged in production of goods or delivery of services or both under North Carolina income tax law.

Only becomes effective if Senate Bill 726 or House Bill 973 is enacted.

Effective for taxable years beginning on or after January 1, 2016.