GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1995

H	1 

HOUSE BILL 911

Short Title:  No Taxpayer Subsidized Politics.	(Public)

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Sponsors: Representatives Miner; Brawley, Daughtry, McComas, Morgan, Russell, Shubert, and Wood.

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Referred to:  Finance.

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April 12, 1995

A BILL TO BE ENTITLED
AN ACT TO ABOLISH THE TAX CHECK-OFF FOR POLITICAL PARTIES AND THE PUBLIC FINANCING OF CANDIDATES.
The General Assembly of North Carolina enacts:
Section 1.  Effective with respect to taxable years beginning on or after January 1, 1995, G.S. 105-159.1 is repealed.
Sec. 2. Effective January 1, 1997, Article 22B of Chapter 163 of the General Statutes, constituting G.S. 163-278.41 through G.S. 163-278.43, is repealed.
Sec. 3. Effective with respect to taxable years beginning on or after January 1, 1995, G.S. 105-269.6 is repealed.
Sec. 4. Effective upon the ratification of this act, Article 22C of Chapter 163 of the General Statutes, constituting G.S. 163-278.46 through G.S. 163-278.57, is repealed.
Sec. 5. Any funds held by the State Treasurer pursuant to G.S. 105-269.6 for the North Carolina Candidates Financing Fund as of the ratification of this act shall be transferred to the State Board of Elections for use in the administration of the election laws of North Carolina. Any funds subsequently received by the State Treasurer pursuant to G.S. 105-269.6 shall be transferred by the State Treasurer to the State Board of Elections on a quarterly basis for use in the administration of the election laws of North Carolina.
Sec. 6. This act is effective upon ratification.