Bill Summaries: H885 (2011-2012 Session)

Tracking:
  • Bill H 885 (2011-2012)
    Summary date: May 3 2011 - View summary

    Adds new subdivision (26) to GS 105-256(a), requiring the Secretary of Revenue (Secretary) to prepare and publish by March 1 of each odd-numbered year a report on the overall incidence of the income tax, sales and excise tax, and property tax. Prescribes what the report should contain. Also directs the Secretary to prepare an impact analysis report of a bill that would increase, decrease, or redistribute tax by more than $20 million, within 15 days of a request by a member of a finance committee. Effective January 1, 2012.
    Tax
    GS 105

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