5/20/2014
The Daily Bulletin: Tuesday, May20, 2014 1 Legislative Reporting Service
UNC
SCHOOL OF GOVERNMENT
The Daily Bulletin: Tuesday, May 20, 2014
PUBLIC/HOUSE BILLS
H 1050 (2013-2014) OMNIBUS TAX LAW CHANGES. Filed May 14 2014, A BILL TO BE ENTITLED AN ACT TO AMEND
TILE REVENUE LA IVS, AS RECOMMENDED
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T1IE REVENUE LAWS STUD Y COMMITTEE.
House amendments make the following changes to the 2nd edition:
Amendment #1
Amends GS 105-134. 6A and 105-134.6 to add in the word "corporation" into the definition for the term transferor,
providingthat a corporation can be described as a transferor if it does not fully distribute income to its beneficiaries.
Amends newly enacted GS 105-164.1 1 A, Refund of tax paid on rescinded sale or cancellation of service, making
clarifying changes that the refund due on a rescinded sale is a pro rata refund of the amount of sales tax based on the
taxable amount of the sales price refunded for the item or cancelled service contract and not a full refund of all the sales
tax imposed. Makes technical and conforming changes.
Amends GS 105-187. 5(a), concemingthe alternate tax for those who rent or lease motor vehicles, providing clarifying
languagp on how the tax on gross receipts of the lease or rental of the vehicle is to be calculated and what portions of a
lease or rental payment is subject to the tax imposed by this section.
Amends GS 105- 164.3(45a), definition for streamlined agreement, updating its definition to reference the Streamlined
Sales and Use Tax Agreement as amended as of October 30, 2013 (was, May 24, 2012).
Deletes newly enacted GS 20-79. 1 B, Additional limited registration p lates, and instead amends GS 20-79. 1 A, Limited
registration plates, making technical and organizational changes. Also enacts new GS 20-79.1 A(a)(2), providingthat a
person who has applied for a plate for a vehicle that was previously registered with the DM V but has not had a
current registration for at least a year due to plate being surrendered or expiration of the registration for over a year can
be issued a limited registration plate.
Amends GS 105-1 14(b)(4), definitions for Article on franchise taxes, providingthat the term "income year" is used in
accordance with how it is defined in GS 105-130.2(10) (previously, referred to incomcyearas being defined in GS
105-1 30. 2(4b), which was an incorrect reference).
Amendment #3
Enacts new Part XVI, titled "Reinstate Hospital Setoff Debt Collection," which amends GS 105A-2(9), the definition
for state agency in the SetotT Debt Collection Act, deleting language which provided that any school of medicine,
clinical program, facility, or practice affiliated with one of the institutions of UNC that provides medical care to the
general public or the UNC Health Care System and other entities affiliated with or under the control of the UNC
Health Care System could not be considered a state agency. Changes now allow these entitities to participate and
benefit from setoff debt collection. Part XVI becomes effective when it becomes law and applies to tax refunds
determined by the Department of Revenue on or after that date.
Makes organizational changes.
Amendment #4
Amends GS 105-1 13.4, definitions for the Tobacco Products Act, providing that the term and definition for tobacco
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