A BILL TO BE ENTITLED
AN ACT to extend the qualified business venture tax credit sunset and to extend the sales tax refund allowed to a joint governmental agency created to operate a cable television system for one year.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑163.015 reads as rewritten:
"§ 105‑163.015.  Sunset.
This Part is repealed effective for investments made on or after January 1, 2016."
SECTION 2.  Section 1 of S.L. 2010‑153 reads as rewritten:
"SECTION 1. A joint agency created by an interlocal agreement pursuant to G.S. 160A‑462 to operate a cable system that provides video programming services is allowed a refund of sales and use tax paid by it on purchases made on or after July 1, 2007, and before June 30, 2011, to the same extent allowed to a city under G.S. 105‑164.14(c). Notwithstanding G.S. 105‑164.14, the joint agency must make a request for a refund in writing before January 1, 2011."
SECTION 3.  This act is effective when it becomes law.