Legislation Assigned to the Senate Fin Committee (21)

Date of Last Recorded Action: 5/22/2018

H 0059 MonitorRevenue Laws Technical Changes William Brawley
6/21/2017 Ch. SL 2017-39 Fin Fin
Taxation & Finance

Proposes technical changes to the state’s tax and revenue laws. (version 1)

H 0158 MonitorSpecial Assessments/Critical Infrastructure Jason Saine
6/21/2017 Ch. SL 2017-40 Fin Fin
Economic Development Planning & Land Use Taxation & Finance Utilities

Adds language to the current special assessments statutes to increase flexibility for cities and counties when structuring financing deals for development using this authority. (version 1)

H 0184 MonitorCertain Towns/Sewer Fee Collections Charles Graham
6/22/2017 Ch. SL 2017-44 SLG I Fin
Local Bills Taxation & Finance Utilities

Enhances the utility billing and collection options available to the Towns of La Grange, Fairmont, Proctorville, and St. Pauls so that the towns may bill and collect fees charged by their wastewater enterprise along with property taxes. (version 1)

H 0374 MonitorBusiness Freedom Act Patricia McElraft
6/29/2017 Re-ref Com On Rules, Calendar, and Operations of the House SLG II Fin
Building Inspections Environment
H 0397 MonitorCar. Shores Deannex/New Hanover Dwntwn. Devpt Francis Iler
6/30/2017 Ch. SL 2017-86 SLG I Fin
Annexation Local Bills
 As the title suggests, removes certain parcels from the corporate limits of the Town of Carolina Shores. (version 1)
H 0406 MonitorRepeal Orange County Impact Fees Sarah Stevens
6/20/2017 Ch. SL 2017-36 SLG I Fin
Taxation & Finance Utilities

Revokes the authority granted by local bill to Orange County to charge impact fees. (version 1)

H 0436 HighLocal Government/Regulatory Fees Sarah Stevens
7/20/2017 Ch. SL 2017-138 SLG I Fin
Planning & Land Use Taxation & Finance Utilities

Eliminates a city or county’s ability to charge development-related impact fees paid by developers to offset capital costs of local government infrastructure, unless otherwise authorized by the general laws of the state. Also repeals all related local acts. (version 1)

H 0589 MonitorCompetitive Energy Solutions for NC John Szoka
7/27/2017 Ch. SL 2017-192 EPU Fin
HB 589 is a major rewrite of the state's renewable energy policy that, among other things, would lift the state's ban on third-party leasing, allowing customers to rent the equipment for rooftop and community solar arrays. It would also promote net metering, which gives the owner of a residential or commercial property with solar panels a bill credit for the retail cost of energy he or she puts back onto the grid, and it would include a solar rebate program for residential customers. Additionally, it would mandate a study on energy storage technology for intermittent sources like solar and wind. It also caps the amount of third-party renewable energy that the utilities would be required to purchase. It would also require a competitive bidding process for new solar development, managed by a third-party administrator.
S 0013 MonitorSanford Occupancy Tax Ronald Rabin
2/2/2017 Re-ref to Finance. If fav, re-ref to Rules and Operations of the Senate -Fin
Local Bills Taxation & Finance

Authorizes the City of Sanford to levy a room occupancy tax of up to three percent (version 1)

S 0075 MonitorConst. Amd. - Max. Income Tax Rate of 5.5% Wyatt Tucker
3/16/2017 Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House Fin Fin
Budget Taxation & Finance

Proposes a constitutional amendment limiting the state income tax rate to 5.5 percent, to be placed on the November 6, 2018 ballot. (version 1)

S 0081 HighSales Tax Economic Nexus For Remote Sales Wyatt Tucker
6/15/2017 Ref To Com On Finance Fin Fin
Taxation & Finance

 NCLM Goal

Expands the state sales tax levy to remote (online) sellers if the retailer sold more than $100,000/year or had more than 200 separate transactions.

If passed into law, this bill would partially achieve an NCLM goal that seeks collection of the state sales tax on online purchases of goods sold by vendors without a physical presence in the state. (version 1)

S 0082 MonitorAchieving Business Efficiencies Andrew Brock
7/25/2017 Ch. SL 2017-185 RulesCOH Fin
Taxation & Finance

Companion bill to HB 59 

Proposes technical changes to the state’s tax and revenue laws. (version 1)

S 0126 HighChange the LOST Adjustment Factor Harry Brown
6/13/2017 Re-ref Com On Finance RulesCOH Fin
Taxation & Finance
Companion Bill to HB 522

Eliminates the current adjustment factors applied to the half-cent local sales tax imposed under Article 40. Replaces those factors with new adjustment factors that are tied to the economic development tier ranking given to the county and municipalities within it that levy this tax. (version 1)

S 0232 MonitorSeptic Tank Tax Fairness Act William Jackson
6/19/2017 Re-ref to Finance. If fav, re-ref to Rules and Operations of the Senate -Fin
Taxation & Finance
Repeals a current state sales tax exemption for property used in septic systems that is made of more than 75% recycled materials. (version 1)
S 0325 MonitorBillion Dollar Middle Class Tax Cut Jerry Tillman
4/10/2017 Ref To Com On Rules, Calendar, and Operations of the House RulesCOH Fin
Budget Taxation & Finance

Makes numerous changes to reduce the state’s personal and business income tax levies, including reducing the maximum personal income tax rate by 1/8 of a percent to 5.35 percent, raising the standard deduction, and raising the maximum mortgage deduction permitted for personal income tax payers. (version 1)

S 0343 HighLegal Notices/Newsprint Employees Trudy Wade
6/16/2017 Re-ref Com On Finance RulesCOH Fin
Budgeting & Fiscal Control General Government
Companion bill HB 432
Among other related changes, creates standards for cities and counties to follow if they choose to publish required public notices on their own government websites instead of publication in the newspaper. Authorizes for the first time the ability for legal notices required for other private-sector transactions to be published electronically, on a county government website, with proceeds benefitting county governments and to be partially spent on paying local teacher supplements. (version 1)
S 0391 MonitorFerry Transportation Authority William Rabon
7/18/2017 Ch. SL 2017-120 Trans Fin
Economic Development Transportation
Allows county or municipal governing boards to create an authority to provide transportation service via ferries, in the area of a tidal river and adjoining estuaries. Lays out procedures for creation of the authority, membership in its governing board of trustees, and other powers necessary for construction of a water-based ferry transportation system. (version 1)
S 0552 HighOmnibus Occupancy Taxes Jerry Tillman
8/3/2017 Ch. SL 2017-202 RulesCOH Fin
Local Bills NCLM Goal Taxation & Finance
Contrary to customary rules typically followed for local occupancy taxes, designates funds collected from the Sanford occupancy tax to operation, promotion, maintenance, and renovation of the local civic center. Flips the current breakdown of purposes for which the Jacksonville occupancy tax may be spent, allowing two-thirds for any tourism-related expenditures and the remainder to promote travel and tourism in the City of Jacksonville. Authorizes occupancy taxes for Town of Saluda and Harnett County, and an additional occupancy tax for Sampson Rowan counties. Extends authority for an occupancy tax for the cities of Conover and Hickory, and makes technical changes to the current occupancy tax authorization in Yadkin County.
S 0557 HighAnnexation of Enclaves Wilfred Wells
4/13/2017 Re-ref to Finance. If fav, re-ref to Rules and Operations of the Senate -Fin
Annexation Planning & Land Use Transportation Utilities

Allows municipalities to annex enclaves, unincorporated areas contained entirely within the primary corporate limits of a municipality and otherwise meet the specifications listed, including a size limitation of 60 acres. Establishes procedures the municipality must follow to complete the annexation, including executing an interlocal agreement with the county commission(s) in which the municipality sits. Includes details regarding property owner appeals of the governing boards’ actions, as well as directions for reporting on provision of services to the Local Government Commission following the annexation. (version 1)

S 0616 MonitorLimit Look-Back for Immaterial Irregularities James Davis
5/15/2017 Ref To Com On Rules, Calendar, and Operations of the House RulesCOH Fin
Taxation & Finance

Reduces the time in which prior property taxes are recalculated based on errors in property listing, appraisal, or assessment, or in the levy or collection of the tax, from ten to five years. (version 1)

S 0628 MonitorVarious Changes to the Revenue Laws Jerry Tillman
8/11/2017 Ch. SL 2017-204 Fin Fin
Taxation & Finance

Omnibus bill that clarifies state tax laws related to corporate income taxation, sales and use taxation, and property taxation. (version 1)

Green background on status indicates a bill has been acted on the last recorded legislative day.