GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
H	1
HOUSE BILL 150

 
 
Short Title:	Extend Tax Deadline.	()	
Sponsors:	Representatives Allen, Gray, Hill, Jarrell, Luebke, Pope, and Tucker.	
Referred to:	Finance.	
February 19, 2001

	A BILL TO BE ENTITLED
AN ACT TO WAIVE THE PENALTIES FOR FAILURE TO MEET CERTAIN TAX-RELATED DEADLINES BECAUSE OF A PRESIDENTIALLY DECLARED DISASTER.

The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑237(a) reads as rewritten:
"(a)	Waiver. ‑‑ The Secretary may, upon making a record of the reasons therefor, reduce or waive any penalties provided for in this Subchapter. The penalties in G.S 105-236(2), (3), and (4) do not apply to returns, reports, and payments due during the period in which the time for filing a federal return or report or for paying a federal tax is extended under section 7508A of the Code because of a presidentially declared disaster. For the purpose of this section, "presidentially declared disaster" has the same meaning as in section 1033(h)(3) of the Code."
SECTION 2.  This act is effective when it becomes law.