NORTH CAROLINA GENERAL ASSEMBLY
1979 SESSION
CHAPTER 1131
HOUSE BILL 1545
AN ACT TO RAISE THE MINIMUM TAX THRESHOLD FOR PAYMENT OF INTANGIBLES TAX TO REFLECT INFLATION SINCE 1963, SO AS TO REDUCE THE NUMBER OF PERSONS LIABLE FOR INTANGIBLES TAX.
The General Assembly of North Carolina enacts:
Section 1. G.S. 105-214 is amended by deleting the words "five dollars ($5.00)" and inserting in lieu thereof "fifteen dollars ($15.00)".
Sec. 2. This act shall become effective with respect to taxable years beginning on and after January 1, 1980.
In the General Assembly read three times and ratified, this the 19th day of June, 1980.