Daily bulletin [2006 : May 24, v.2006 : no.10]

Daily Bulletin ACTIONS BY THE NORTH CAROLINA GENERAL ASSEMBLY Institute of Government — School of Government The University of North Carolina at Chapel Hill Legislative Reporting Service, Box 7294 State Legislative Building, Raleigh, NC 27601 Phone 919.733.2484 ~ Fax 919.715.3464 ~ www.dbulletin.org House Legislative Day 1 36 Vol. 2006, No. 1 0 Senate Legislative Day 1 37 Wednesday, May 24, 2006 SUMMARIES OF BILLS FILED HOUSE BILLS H 2495. DEDUCTION FOR S CORPORATION INCOME. Filed 5/24/06. TO PROVIDE A SMALL BUSINESS INCOME TAX EXEMPTION. Amends GS 105-131.1 (taxation of an S Corporation and its shareholders), adding a new subsection providing that before computing the income attributable to the State, an S Corporation may subtract $25,000. Effective for taxable years beginning on or after January 1, 2006. Intro, by Holloway. GS105 H 2496. INCREASE MIN SALARY FOR TEACHER ASSISTANTS. Filed 5/24/06. TO INCREASE THE MINIMUM SALARY OF TEACHER ASSISTANTS TO THE EQUIVALENT SALARY OF PAY GRADE 56 FOR STATE EMPLOYEES. Effective July 1 , 2006, provides that permanent full-time teacher assistants whose salaries are supported from the General Fund must be paid a minimum salary of at least $20,268 per year. Appropriates from General Fund to Department of Public Instruction $2,706,537 for 2006-07 to implement this provision. Intro, by Parmon. APPROP H 2497. AUTH/EVIDENCE OF PROFITING FROM SLAVERY. Filed 5/24/06. AUTHORIZING THE 2005 GENERAL ASSEMBLY, REGULAR SESSION 2006, TO CONSIDER A BILL TO BE ENTITLED AN ACT REQUIRING COMPANIES ENTERING INTO CONTRACTS WITH STATE DEPARTMENTS TO EXAMINE THEIR RECORDS FOR EVIDENCE OF PARTICIPATION IN OR PROFITING FROM SLAVERY. As title indicates. Intro, by Womble. JOINT RES H 2498. HIGH POINT B.ECTION DATE. Filed 5/24/06. TO PROVIDE THAT HIGH POINT CITY ELECTIONS SHALL BEHELD IN THE EVEN-NUMBERED YEAR AND DECIDED ON A PLURALITY BASIS. As title indicates. Intro, by Wiley. DAVIDSON, FORSYTH H 2499. JOHN COLTRANE MUSIC HALL FUNDS. Filed 5/24/06. TO APPROPRIATE FUNDS TO CONSTRUCT AND EQUIP THE JOHN COLTRANE MUSIC HALL AT THE COMMUNITY ARTS CENTER IN HIGH POINT. Appropriates $500,000 for 2006-07 from General Fund to the High Point Area Arts Council, Inc. as title indicates. Effective July 1, 2006. Intro, by Wiley. APPROP H 2500. FUNDS FOR DEVELOPMENTAL DISABILITY SVCES. Filed 5/24/2006. TO APPROPRIATE FUNDS FOR EARLY INTERVENTION AND DEVELOPMENTAL DAY SERVICES. Appropriates $250,000 for 2006-07 © 2006 Institute of Government — School of Government The University of North Carolina at Chapel Hill This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.