GENERAL ASSEMBLY OF NORTH CAROLINA
1997 SESSION
S.L. 1997-55
The General Assembly of North Carolina enacts:
Section 1. G.S. 105-228.90(b)(1a) reads as rewritten:
"(1a) Code. - The Internal Revenue Code
as enacted as of March 20, 1996, January 1, 1997, including any
provisions enacted as of that date which become effective either before or
after that date."
Section 2. Notwithstanding Section 1 of this bill, amendments to sections 101(b), 104, and 877 of the Internal Revenue Code as enacted as of January 1, 1997, and any other amendments to the Internal Revenue Code enacted in 1996 that increase North Carolina taxable income for the tax year 1996, become effective for taxable years beginning on or after January 1, 1997.
Section 3. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 6th day of May, 1997.
s/ Dennis A. Wicker
President of the Senate
s/ Harold J. Brubaker
Speaker of the House of Representatives
s/ James B. Hunt, Jr.
Governor
Approved 12:46 p.m. this 16th day of May, 1997