GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1995

S	1 

SENATE BILL 144

Short Title:  Raise Intangibles Tax Filing Threshold.  	(Public)

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Sponsors: Senators Shaw; and Carpenter.

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Referred to:  Finance.

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February 7, 1995

A BILL TO BE ENTITLED
AN ACT TO INCREASE THE INTANGIBLES TAX MINIMUM FILING THRESHOLD TO FIVE HUNDRED DOLLARS.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-214 reads as rewritten:
"§ 105-214. Minimum tax for filing return.
A taxpayer 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."
Sec. 2.  This act is effective for taxable years beginning on or after January 1, 1995.