GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001

HOUSE BILL 1388
RATIFIED BILL

AN ACT TO EXTEND THE SUNSET ON THE STATE PORTS TAX CREDIT.

The General Assembly of North Carolina enacts:

SECTION 1.  Section 4 of Chapter 977 of the 1991 Session Laws, as amended by Section 3 of Chapter 495 of the 1995 Session Laws and by Section 29.1 of S.L. 1997‑443, reads as rewritten:
"Sec. 4. This act is effective for taxable years beginning on or after March 1, 1992, and expires for taxable years beginning on or after January 1, 2003."
SECTION 2.  Section 4 of Chapter 681 of the 1993 Session Laws, as amended by Section 17 of Chapter 17 of the 1995 Session Laws, by Section 4 of Chapter 495 of the 1995 Session Laws, and by Section 29.1 of S.L. 1997‑443, reads as rewritten:
"Sec. 4. This act is effective for taxable years beginning on or after January 1, 1994, and expires for taxable years beginning on or after January 1, 2003."
SECTION 3.  This act is effective for taxable years beginning on or after March 2, 2000.
In the General Assembly read three times and ratified this the 4th day of December, 2001.

	_____________________________________
		 Beverly E. Perdue
	 President of the Senate

	_____________________________________
		 James B. Black
	 Speaker of the House of Representatives

	_____________________________________
		 Michael F. Easley
	 Governor

Approved __________.m. this ______________ day of ___________________, 2001