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NC S454

Bill

Official Source

Status

Introduced

4/1/2019

Primary Sponsor

Deanna Ballard

Click for details

Origin

Senate

2019-2020 Session

AI Summary

  • Clarifies that "accessories" in the mill machinery tax benefit do not include electricity
  • Excludes delicatessens, cafes, cafeterias, restaurants, and production companies from the definition of manufacturing industry or plant
  • Establishes that the determination of whether a person qualifies for the mill machinery tax benefit relates to the date of purchase
  • Applies the clarification retroactively to the former mill machinery privilege tax provision (G.S. 105-187.51) for Department of Revenue determinations
  • Becomes effective upon enactment

Legislative Description

Mill Machinery Existing Law Clarification

Last Action

Ref To Com On Rules and Operations of the Senate

4/2/2019

Committee Referrals

Rules and Operations of the Senate4/2/2019

Full Bill Text

No bill text available