Bill Summaries: S424 (2023-2024 Session)

Tracking:
  • Bill S 424 (2023-2024)
    Summary date: Mar 30 2023 - View summary

    Includes whereas clauses.

    Appropriates $30 million for 2023-24 from the General Fund to the North Carolina Housing Trust Fund to be used in accordance with the purposes of GS Chapter 122E (North Carolina Housing Trust and Oil Overcharge Act).

    Amends GS 161-11.5 by amending the distribution of the $6.20 of the fee collected by the register of deeds for registering or filing Instruments in General and registering or filing any deed of trust or mortgage, by decreasing the amount that goes to the General Fund from 20% to 18.5% and adds a distribution of 1.5% to the North Carolina Housing Trust Fund.

    Amends GS 105-228.30 by amending the distribution of the proceeds of the excise tax on instruments conveying an interest in real property so that 33% of the funds are remitted to the North Carolina Housing Trust Fund, with the remainder to the General Fund.
    Courts/Judiciary, Court System, Development, Land Use and Housing, Property and Housing, Government, Budget/Appropriations, Tax
    APPROP, GS 105, GS 161
  • Bill S 424 (2023-2024)
    Summary date: Mar 29 2023 - View summary

    To be summarized.

© 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.