GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

S	2 

SENATE BILL 1280
Finance Committee Substitute Adopted 5/24/00

Short Title:  CCRC Tax Exempt.    	(Public)

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Sponsors:

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May 17, 2000

A BILL TO BE ENTITLED
AN ACT TO EXTEND THE SUNSET ON THE PROPERTY TAX EXEMPTION FOR CONTINUING CARE RETIREMENT CENTERS.
The General Assembly of North Carolina enacts:
Section 1.  Subsection (e) of Section 29A.18 of Chapter 212 of the 1998 Session Laws reads as rewritten:
"(e)	Subsection (a) of this section is effective for taxes imposed for taxable years beginning on or after July 1, 1998.  Notwithstanding the provisions of G.S. 105-282.1(a), an application for the benefit provided in subsection (a) of this section for the 1998-99 tax year is timely if it is filed on or before November 15, 1998.  G.S. 105-278.6A is repealed effective for taxes imposed for taxable years beginning on or after July 1, 2001.  The remainder of this section is effective when it becomes law."
Section 2.   Section 1 of this act becomes effective July 1, 2000.  The remainder of this act is effective when it becomes law.