GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1993

S	1 

SENATE BILL 1664

Short Title:  Intangibles Tax Filing Threshold.	(Public)
─────────────────────────────────────── 
Sponsors: Senators Shaw; Cochrane and Ballantine.
─────────────────────────────────────── 
Referred to:  Finance.
─────────────────────────────────────── 

June 2, 1994

A BILL TO BE ENTITLED
AN ACT TO RAISE THE MINIMUM FILING THRESHOLD FOR INTANGIBLES TAX.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-214 reads as rewritten:
"§ 105-214. Minimum tax for filing return.
A corporation whose tax liability under this Article for a taxable year does not exceed five hundred dollars ($500.00) is not required to file a return for that year.  A taxpayer, other than a corporation, whose tax liability under this Article for a taxable year does not exceed one hundred dollars ($100.00) is not required to file a return for that year."
Sec. 2.  This act is effective for taxable years beginning on or after January 1, 1994.