A BILL TO BE ENTITLED
AN ACT to enlarge the class of taxpayers eligible for an enhanced credit for investing in Low‑Income Housing in a county That sustained severe or moderate damage from a hurricane in 1999.
The General Assembly of North Carolina enacts:
SECTION 1.  Section 10.(f) of S.L. 2000‑56 reads as rewritten:
"SECTION 10.(f)  Low‑Income Housing Credit Changes. – G.S. 105‑129.16B(d), as amended by Section 7 of this act, is effective for taxable years beginning on or after January 1, 2000. The remainder of Section 7 is effective for taxable years beginning on or after January 1, 2001, applies to buildings to which federal credits are allocated on or after January 1, 2000, and expires January 1, 2005."
SECTION 2.  This act is effective when it becomes law.