Bill Summaries: H886 (2011-2012 Session)

Tracking:
  • Bill H 886 (2011-2012)
    Summary date: Jun 14 2011 - View summary

    House committee substitute makes the following changes to 1st edition. Changes effective date of act to taxable years beginning on or after January 1, 2014 (was, on or after January 1, 2013). Makes technical changes.
    Tax
  • Bill H 886 (2011-2012)
    Summary date: May 3 2011 - View summary

    Amends GS 105-130.9, as title indicates, to allow a deduction of 10% (currently, 5%) of a corporation’s net income for charitable contributions, as defined. Specifies that any unused portion of a deduction may be carried forward for the next succeeding five years (currently, carryover is not allowed). Makes a conforming change. Effective for taxable years beginning on or after January 1, 2013.
    Tax
    GS 105

© 2022 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.